NFTRH 406 Out Now
No time for a promo because my daughter and I have tickets to see Bryan Ferry. We both love early Roxy Music and it turns out his set list, while…
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July 31, 2016
Profit & Rotation Time Again; CCMP Out, CBT In
Knowing full well that the market is making me look smart (as opposed to me actually being smart) I made a handy switch. CCMP, the Semiconductor manufacturing materials company, is…
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July 29, 2016
2016: Current Market Themes
A year ago almost to the day we began tracking a 'Macrocosmic' theme that would eventually see gold bottom and rise vs. stocks and bonds in 2016, joining its bullish…
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July 29, 2016
CCMP’s Daddy, Cabot Corp.
Many years ago Cabot Microelectronics, itself surging on earnings today per the previous post, was spun off by Cabot Corp., an industrial materials and chemical company (and long time maker…
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July 28, 2016
Taking More Semi Profit (LRCX)
Thing 1 is Lam Research, a Semiconductor Equipment company. I have held it for weeks but given the market's short-term risk profile, am taking well earned profit as I did…
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July 28, 2016
Post-FOMC Market Update, Precious Metals, Stock Markets & Commodities
To little surprise FOMC rolled over again, uttering a few words about inflation being below target and riding off into the sunset until September 21. Now there is a vacuum, policy wise, in which the market can operate. I am sure that if/as the economy continues to firm or inflation signals start to manifest the usual jawbones will hit the microphone circuit, admonishing us that they stand guard, but the market seems to be marginalizing these policy making clowns where even just a year ago it was still entranced by them.
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July 28, 2016
Uncle Buck, Post-FOMC
Approximately 15 seconds after FOMC whispered its latest sweet nothings to the asset markets it is propping, I posted the statement at Biiwii. In it they conceded that the economy…
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July 27, 2016
Final Profit Taken on Semi Sector iShares, SOXX
I decided that it was time to take the rest of the reward for having taken the risk (and advising same in NFTRH) when it seemed most did not want…
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July 27, 2016
Earnings Giveth & Taketh Away
Two earnings reports, two directional moves on things I hold. Luckily, Thing 1 is moving more than Thing 2 and other items are positive to boot. Subscribe to NFTRH Premium…
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July 26, 2016
Gold Stocks’ Consolidation Progress
A simple update to gauge the progress of the miners as they work through the consolidation/correction.
GDX and GDXJ did indeed break down from the bear flags we noted during the trading day on Friday.
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July 26, 2016
More Semi Profit Taking
It was hard to be bullish the Semi sector a couple months ago (unless you looked at the Equipment booking data). Today it is easy; real easy... too easy. Therefore,…
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July 25, 2016
NFTRH 405 Out Now
A funny thing happened on the journey through this week's sentiment analysis. First, the Semi sector, which as I recall we were among the few to be publicly bullish on,…
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July 24, 2016
Semi Equipment Book-to-Bill for June
For those who don't watch this stuff as obsessively as I do, here's the June Semi.org b2b data. Oh no, b2b dropped and so did bookings! As an economic indicator…
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July 22, 2016
Gold Stock Flags
Using the GDX and GDXJ daily charts, I thought I’d show some previous examples of bull flags so that now we can note potential bear flags. This is of course all speculation because a pattern isn’t activated until it resolves, but for reference here is an update from June 28 in which we noted several potential bull flags, which went on to resolve as expected.
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July 22, 2016