SPX: Because… REASONS!!
As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does…
As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does…
Here's the XLV weekly chart again. It's closer still to the top channel line. The daily view is kissing the SMA 200. I sold XLV but still hold my fair…
On a similar theme to the earlier update whereby the long bond is seeing extreme relative short interest by Commercial traders, let’s compare the 30 year vs. the 2 year.
The 30 year shows a big build up in net shorts by the Commercial Hedgers.
Because I want to look around as many corners as possible (without donning the tin foil hat), I had a thought that is at odds with the view that the bear phase will resume/continue. It is also at odds with a bullish view of gold for the near-term.
So please consider it a mental exercise, the likes of which can be healthy if we keep these things in perspective and in their proper place in the probabilities tool box.
Here is the multi-index weekly chart. Most are above former resistance but... where are higher highs? Show me higher highs, Jerry.
Here is the (weekly) Russell 2000 chart we used in 2015 to show that a moving average cross and a similar looking pattern have occurred that resulted in severe downside in 2008. I think we can disqualify the 2011 ‘comp’ because that moving average cross was quickly reversed and the current one, despite the big rally, is nowhere near being undone.
[edit] Man, I am a typo making machine when I am in a hurry… :-(
A little over a week ago we had a subscriber update (now public) on TIP, TLT and some signals for the markets. Let’s update the charts from the update.
Nominal TLT and TIP continue with their “bullish slant” by the weekly view.
The ratio between them, an inflation expectations indicator, continues to be weak but I continue to favor nominal TIP for any long-term T bond exposure due to forward inflation expectations that I expect to whip up eventually. But this chart is indicative of the new downturn in commodities and another downturn in the ‘inflation trade’ we have expected. It was just a bounce after all. Weekly…
This little short-term pattern does not look too appealing as HYG looks foiled on its 3rd attempt at the 200 day moving average. High Yield vs. Treasury is dropping below…
Regarding the recent posts on Healthcare, I took the profit on PFE [edit: AMGN targets higher but taking that profit too] for two reasons; 1) As noted in NFTRH 389…
Last week when I was not doing my own market positioning or writing subscriber updates, I was bringing Biiwii back to life, so on Friday I skipped the entirety of…
As noted in yesterday's post, doing the work in the weekend report changed me. Maybe just by an increment as I had been thinking I was inching closer to a…
[edit] The reason I put so much work into the report is because I want to be able to show that work on a week by week basis. I want…
So we finally got these songs as done as they will ever be. In fact, we named the CD 'Finally!'. You know, we popped it out of the CD burner…
A week ago we had an NFTRH update (now public) about the Healthcare sector. With a nod to this morning's Market Psych 101 article, I was at a point of…