I have fun putting up the tired looking Huey Lewis picture (I couldn’t stand that music) and am always happy to poke the gold perma pom poms simply because of how damaging they can be to the uninitiated. But lately, a smart NFTRH subscriber has been describing just how much negativity he’s receiving out there in the financial social media sphere for his currently bullish … Continue reading HUI Big Picture Monthly Chart… and Words
Thinner and thinner the market’s leadership becomes. Small Caps may be cooked, the Trump ‘build out’ ‘Materials’ sector is wobbling at best, Transports are well below the 2017 highs and Semis, Big Tech and the FANGs are left to tempt in every last performance chasing casino patron. Man, I was bullish the Semis a year ago (when you could hear only crickets in the bull … Continue reading Another ‘vs. SPY’ Scenario
Want to see some different flavors of bearish? Well here they are. The Financials are dropping to the neckline of a bearish pattern once again. I am already short (via FAZ) as noted in NFTRH. But that is a technical jumping of the gun since support has not been lost. The measurement is to around 21 if the neckline fails. A side note here is … Continue reading 3 Little Bears
As part of NFTRH’s Market Internals segment, we review the status of global markets vs. the S&P 500, just to see who’s shaping up nicely and who isn’t on a global scale. Here we see the ratio of Europe to the US to be a relative buy. That doesn’t mean run out and buy Europe right now (I think it may settle lower, nominally) but … Continue reading Global Stocks vs. U.S. Stocks
While I currently work with all sorts of macro-fundamental indicators and inter-market ratio charts, I started out just loving the act of creating and analyzing nominal stock and market charts. I have a habit of obeying charts and while this has been a positive in the big picture, it sometimes shakes me out of positions simply because I saw something in a chart. The little … Continue reading IBB: Once a Chart Guy…
NFTRH’s ‘Currencies’ segment (one among a report filled with critical insight across all major market segments and many of the stocks therein) went off its usual brief message and riffed into some macro discussion on inflation’s post-2011 path. Excerpted from the May 28th edition of Notes From the Rabbit Hole… Uncle Buck’s index is weak and the SMA 50 is crossing below the SMA 200. … Continue reading Currencies, and Some ‘Out There’ Thoughts on Inflation, Stocks, Gold and Miners
Burgers, dogs and beer? Nah, it’s about a little more than that. Today I remember my father who passed away a few years ago after living a life of hard work to better things for his family and himself. Along with the hard work he remembered to enjoy life too. I think he enjoyed his work too; a trait that he passed along to me, … Continue reading A Memorial Day Memory
As emailed to subscribers along with the report… NFTRH 449 was helpful to me in trying to untangle a web of information and make sense of the near-term. It may seem difficult to retain everything on a first read (it is for me, at least) so I ask you to read it, consider re-reading it and then use it for reference because there is so … Continue reading NFTRH 449 Out Now
The wash-rinse-repeat cycle continues along in Treasury bonds and Bloomberg and its poster girl of the day for an alarming headline, Louise Yamada, may finally be right a half a year or so after so wonderfully making our contrary case for a bond bounce. Ref. R.I.P. Bond Bull!!!! Now see… Specs Now Net Long for First Time Since July, Most Long 10yr Since 2007 from … Continue reading Treasury Bond Sentiment Becoming Toxic Again
As you know, we have been setting HUI in the chains of the now-declining SMA 200. Here is the daily chart. The parameters are the 50 (blue) and 200 (red) day moving averages, the April high and finally, the February high. Beyond those, Huey is on a new bull phase of a new bull market. Until those milestones are met, it is not. But if … Continue reading NFTRH; The Bullish Look of Some Gold Stocks, Large & Small
This is one of those posts that started out as a regular blurb and then it just wouldn’t stop talking, rambling on, getting a little preachy here, promotional there and ultimately, maybe useful to some people too. Sometimes you’ve just gotta write ’em and send ’em out into the world. Today was my best trading day of the year (although I didn’t actually make a … Continue reading A Great Day in the Market! So What?
I left the title of Tuesday’s NFTRH+ post (now unlocked) vague because if I blare everything out publicly I no longer have a business because premium subscribers would no longer gain an advantage from this part of the service. It’s Small Business 101… serve your customer base well. Anyway, the commodity in question was crude oil, which anyone who cared might have guessed by looking … Continue reading Crude Oil (public post)
As we noted in NFTRH 448… SPX and Dow did some gap filling as man and machine used the word “Impeachment” blared throughout the media as an excuse to sell. Fundamentally, we noted that impeachment could have little effect, as the agenda of the party in power would remain largely the same and the fiscal process might run smoother. In other words, the hysterics bear-horned … Continue reading S&P 500 Closes Trump-Gate Impeachment Gap
The still-bearish Gold Miners index was due for a bounce at lateral support and that is what it got. Here is one of the charts by which we plotted the support level and bounce targets of the SMA 50, which was hit, and the SMA 200, which killed the last two bounces. Now, the CoT situation has been improving for gold and silver and there … Continue reading Huey is Still Looking Tired
