Sending to the entire list, since this update works as a gold sector update as well. Wheaton Precious Metals (WPM), the former Silver Wheaton has been holding up better than much of the sector in part, I assume, because when things were positive it was not participating on the upside. Hence the long basing pattern as noted in the title. A longer-term view shows the … Continue reading NFTRH+; Precious Metals Streamer in a Long Basing Pattern
And then of course we know what probably comes after. It can appear like clockwork. It’s fun to poke fun at the average gold bug as he pukes, but really I don’t think it’s him puking; I think it’s the big momos and hedge fund wizards burping up the sector now. I actually think the little guy learned his lessons for the most part. After … Continue reading Gold Miners: Seasonal Swoon in Full Swing
 I shorted the bounce. What the hell, worth a try. I am not so sure big tech will get off that easy, where are couple hard down days are simply forgotten as we head into happy Santa season. Yet the last 2 times NDX dropped below the EMAs 10 & 20 it did exactly that; it got off easy and promptly rammed higher along … Continue reading NDX Bounce
The simplest NFTRH+ update ever. Boston Scientific is pulling back to the weekly moving average that has held its 4 previous pullbacks. No further comment other than I am watching and considering it but prefer competitor MDT, which I hold, and that any interest here should include personal research, including on the main reason for the pullback, which was a product launch delay. A reminder … Continue reading NFTRH+; Med Device Co. Pullback Opp.
If you know me you know that I am a chart guy, a psychology guy and an all too human guy. Well, there are other guys out there who are human too, but they rely on hard data and facts; hard history. Rob Hanna of Quant Edges is one such guy. After yesterday’s somewhat nasty market action (reversal lower after the big tax pump) he … Continue reading Quant Edges on SPX
The US dollar is bouncing after making a pretty bearish move (and failing to hit my upside target at the SMA 200). The daily trend has turned back down and the key first obstacle, if Unc were to try to change that trend, is noted at the SMA 50. It’s at 93.37 currently, pre-US open. Subscribe to NFTRH Premium for an in-depth weekly market report, … Continue reading Key Level for Uncle Buck
The market is rotating out of the leader (NDX, tech) and even more so the leader’s leader (SOX, Semisconductors) and even more than that, the leading component within Semis, the Equipment stocks (LRCX, AMAT, etc.). I’ve made a few posts lately about why the Semi equipment sector could signal some bad stuff in 2018, with MarketWatch calling a top just about to the day. But … Continue reading NFTRH; US Market Rotation, Interesting Internals and a Word on Uranium