NFTRH; US Index Bounce Progress

Here are the updated charts from this morning’s update.  SPX and Dow are at resistance, NDX is at its first resistance level and SOX is approaching the 670 area, which was identified as its key resistance.

SPX and Dow nudged above yesterday’s highs and could open the door to further bouncing, but even if they get through resistance – as SOX potentially bounces to 670’s – the 50 day averages would represent more resistance.  It was a good day for the bulls, short covering or not.  But the bears took the ball away from the bulls on Monday and they still have it for now.


Comments Off on NFTRH; US Index Bounce Progress

Is Inflation Dead?

Answer (as given by TIP/TLT):  Yes, the Fed stands down; a world full of casino patrons gets hysterical about the impending deflationary collapse! Answer (as given the by the Silver-Gold…

Comments Off on Is Inflation Dead?

NFTRH; Gold Stocks, Daily Charts

Daily technicals with no cluttering fundamental or sentiment commentary.

HUI hit resistance above 240 in the form of the neckline to a pattern that could actually prove bullish.  I have been thinking at least the first gap may fill but so far, it’s not happening.  The pattern, which some would call an Inverted H&S (bullish reversal) is actually a consolidation of some kind with a bullish look to it.  If it were to play out that way it measures to around 275.


Comments Off on NFTRH; Gold Stocks, Daily Charts

US Indexes, Big Picture

In an earlier subscriber update, we looked at the key bounce parameters for SPX, Dow, NDX and SOX using daily charts.  In a public post a few weeks ago we…

Comments Off on US Indexes, Big Picture

NFTRH; US Index Bounce Parameters

Since the market is up handily in ‘pre’, I wanted to get you a look at what it would take to negate the technical damage of the last 2 days, with very simple daily charts of the headline US indexes (plus the SOX).  This can be applied generally, to any index or stock for that matter.  As of now in pre-market, these items are still well below key resistance levels.


Comments Off on NFTRH; US Index Bounce Parameters