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NFTRH; A Look at the Palladium/Gold Ratio for Reference w/ This Morning’s Update

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

FOMC Week: Goodbye Janet, Any Last Minute Surprises?

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?

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NFTRH; US Economic Cycle Signals per Two Key Sectors

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