Well yeah, probably eventually it’s dead. But one thing Bitcoin has got going for it currently is an opposite promo to the fish in a barrel one (that I could not find a handy way to short) from late 2017, when we noted again and again and again that this was getting dangerous. On the chart below, the goofball up top called the top to … Continue reading Bitcoin Dead; Yet Another Promo
Some interesting 30 min. charts for your viewing pleasure. The Dow is the thing that Trump pumps the most on Twitter. DIA is trying to do a solid for its bro in return, as it bounces and tries to fill the gap down. SPY has a ways to go before filling the gap. Not that it has to fill, mind you. But there it is … Continue reading Gaps Filling, New Ones Forming
Not many words. Mostly pictures. On the daily view AMAT & LRCX continue to break down vs. both Semis and Tech. This is theoretically our cutting edge of a leading cyclical indicator, which is Semis/Tech. Palladium (weak nominally again today) is continuing its drop vs. Gold. Beneath the surface the market appears to be voting ‘NO’ on the economy and potentially the markets, happy State … Continue reading NFTRH; Interesting In-Day Snapshots
A more likeable Trump than usual (i.e. than the real Trump via Twitter and other off the cuff venues) regaled us with America’s successes (real and imagined) since his election and introduced us to an unusual number of American heroes in the audience. It was feel good all around and as the Christian Science Monitor so aptly forecast, “Teleprompter Trump” won the night. But did … Continue reading “Teleprompter Trump” & “Beautiful Clean Coal”
In 2013 we cross-referenced the Palladium/Gold ratio with the positive Semi Equipment signals to firm the bullish economic thesis. So why not do so again in 2018? If it worked then, it could give a leg up for us now. Nominal PALL is dropping hard but only testing the SMA 50. But the PALL/GLD ratio is threatening a trend line after dropping through the SMA … Continue reading NFTRH; A Look at the Palladium/Gold Ratio for Reference w/ This Morning’s Update
According to the wiseguys speculating in Fed futures Janet Yellen’s last meeting is going to be a docile affair as she gently rides off into the sunset (and presumably, the lucrative lecture circuit). Interestingly, her last meeting is not followed by a press conference, so any jawboning to be done – if applicable – would have to be in the text of tomorrow’s statement. Even … Continue reading FOMC Week: Goodbye Janet, Any Last Minute Surprises?
I look at yesterday and today and am tempted to think “why am I not more short?” (I am short Semiconductors and Real Estate for different reasons). But the NFTRH+ aspect of the service is noted as being about “setups” and so no setup, no highlight. Broad stocks are not yet in short setups. But we did have a bearish look-ahead on the Real Estate … Continue reading Real Estate Short Setup (public post)
Semi Sector Let’s begin at the beginning, with our Semi Equipment indicators. Again, for the many folks who were not with us in January of 2013, we recall that month as the first inkling that the Semi Equipment (companies like Applied Materials, Lam Research, KLA Tencor, MKS, etc.) sector was experiencing a surge in bookings per the then-available book-to-bill ratio available from SEMI. These days … Continue reading NFTRH; US Economic Cycle Signals per Two Key Sectors
We have followed the daily chart parameters all the way through the rally and HUI is hammering a key support parameter right now. Unfortunately, my status as ‘work at home dad’ has had me out of my office by 2:30 each day lately and I was not able to do any selling, which I would have done to a moderate degree at least as the … Continue reading NFTRH; HUI Parameters
I mean, how often do I put up click bait style article titles like Monthly Gold Price is Banging on the Door of a New Bull Market? Answer: Not often. I swear I feel like a typical gold bug writer now with that title tied to my name. Today’s ass hammering was well deserved. Some gold bug writer forecast a new bull market in a … Continue reading Decision Made, My Headlines Will Be My Own!
Not to be lost in the excitement of the USD bounce, Amigo #2 and his 2 heads are jumping today. 10yr yield looks for all the world to be headed for 2.9%. The 30yr is weaker, but also constructive, with an ultimate target of 3.3%. The other Amigos remain intact as well. Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and … Continue reading Amigo #2 (the 2-headed one) Rides
I want to keep a tight focus now on our obscure * leading economic and market indicators, the Semi Equipment stocks vs. both the Semi sector and Tech in general. AMAT & LRCX are banging support vs. SMH this morning. There is no breakdown yet but nor is there any further room to the downside before a breakdown will be logged. AMAT & LRCX vs. … Continue reading NFTRH; An Update to Our 2 New Semi Equipment Indicators
In a post last week we noted that Uncle Buck was dropping into a zone of long-term support. This morning there is this strange looking color in market futures, ranging from stocks to commodities to precious metals as the dollar bounces a bit from the noted support zone. So far it’s not much of anything, but if a bounce gets going (we’ve been noting in … Continue reading USD Attempts a Bounce
Again I say pardon the title because it is not mine. Unless they slap a title that I really can’t stand on these weekly articles I let ’em ride. But Gold-Eagle is a gold website after all and I guess that golden eyeballs like a flashy title (and gold bullion graphic). I did write the words from which the title was crafted, after all. :-) … Continue reading Monthly Gold Price is Banging on the Door of a New Bull Market
