The Semiconductor Equipment book-to-bill ratio for June came out last night and it remains solid. While bookings eased a bit they remained elevated and billings were the highest since 2011. So the question of whether this earnings season should be solid for Semi Equipment companies is answered; it should be because the April-June quarter was significantly better than Q1.
Yet another + update that is really not so much a trade, but a macro idea. Hence, sent to the entire list.
Since the acute bond hysteria a couple weeks ago US Treasury bonds have been easing (interest rates bouncing). That has brought an opportunity for investors, portfolio balancers (that is me in this case) and traders to enter, or in the case of NFTRH+, re-enter TIP (TIP and TLT were highlighted several months ago as a bullish destination).
I am expecting a pullback in the near-term due to over bought daily charts and over bullish sentiment, but the fact is that SPX is in blue sky and measures…
The signals of gold vs. other assets and markets have become so important to financial markets over the last year (hello Macrocosm, July 27 2015) that I have created a…
While most things have gone right for me lately, one thing has not; at least not yet. And if DBA goes any lower it will not have a chance to…
As we have noted for months in NFTRH, the two most bullish sectors have been the Semiconductors and Healthcare. First, we tracked an Ascending Triangle and blue sky breakout in…
Daily USD climbed out of a downtrend channel, put MACD and RSI positive, created and held a support level and now has risen above the SMA 200. The weekly is…
Another ‘+’ update serving as a trade idea for traders and a global macro view for all subscribers. I like the idea of backing out Japan (using the AAXJ iShares) because I am not at all sure the BoJ is going to be able to subjugate the Yen in service to pumping its stock market, which still looks bearish to me. The rest of Asia however, looks constructive, much like the Emerging Markets (EEM) as reviewed last week.
NFTRH 404 deviated from the usual format of widespread, in-depth coverage of US and global markets, precious metals and commodities in order to focus on two main themes. One was…
This week we chop 20 pages off of what had been the norm with the word density per chart/graphic much higher than usual. A couple items needed to be discussed…
There are still analysts talking about the Commercial traders always being right in the end as if the CoT buildup has been some evil operation against gold. It makes a…
While we have been on a bullish path, and momentum, breadth and ‘thrust’ imply more upside ahead I want to let you know how I, the same faulty market participant I have always been*, am proceeding.
Heading into this bullish phase (including in precious metals) my tack has been to take profits when presented and then try to be patient in reestablishing positions. After the post-Brexit euphoria ramp (or whatever this has been) I am making like ‘Old Turkey’ (from Reminiscences of a Stock Operator), and sitting tight in some areas and making like a zealous profit taker in others.
Sometimes simpler is better. For months now, and right through the Brexit drama we have been noting simple technical and fundamental items like a NYSE breadth ramp up (see bottom…
Amid the ongoing 'crashing interest rates!' hysterics, NFTRH 403 noted the following about the 2 year yield... "US 2 year yields are at the trend line. Be careful here in…