US Stock Market: Trend is bullish, but other than the big display in the Semis last week and a bullish looking Tranny, most items remain below the key parameter we set that would signal the next up leg.
Global Stock Markets: A mix of bullish and bearish. Some very interesting areas, however.
Precious Metals: The correction continues, pending the potential for HUI to continue bouncing around in a 230 to 250 range. Our ultimate targets – for potential buying opportunity – are lower, but the sector is making so much sense it’s very pleasing.
Commodities: A mix of good and bad, but expected to be a big beneficiary if indicators keep on flashing an alert to a coming inflationary phase.
Look, that’s the cartoon stuff that everybody looks at. NFTRH 415 goes in depth in many areas and from many different angles to give a clear picture of where global markets stand as we close Q3. It’s out now and I continue not to see how it is not the best service of its kind, imperfections of its writer and all.
Every weekend I feel really tuned up after writing and especially re-reading this report. During the week we are all just casino patrons taking shots at what we think is going on. Going in depth once a week helps me immensely as an investor/trader.
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