It’s a pattern and that is the caveat. We TAs see them and get very very excited. After being long the Cube out of the late March low I am now short. Pardon me if I don’t get overly excited; with Apple earnings coming up, the whole world expecting poor iPhone 10 sales and the Semi index teetering. There is an element of a bearish … Continue reading QQQ Looking Ever More Right Shouldery
Okay, so using Mark at IKN as an example and a guide I am going to try to actually be on Twitter when time allows (ha ha ha, but still… ). I have been using the platform as something of a dumb, automated tool to put posts from this site and Biiwii out there to a wider public. But it’s funny, I saw a reply … Continue reading Tweet Tweet
Much like the Industrial Metals in general, the copper miners (COPX) are in a post-2015 uptrend. That uptrend can break at any time but the trend being the trend, if you are a copper or industrial metals (or inflationary economy) bull, I thought I’d present this view of COPX in a Symmetrical Triangle. It can be used 2 ways. For someone holding due to the … Continue reading NFTRH+; Copper Miners
The Medical Device sector is and has been our (NFTRH’s) favored sector for what is now years. And though I am a chart jockey, it is not only for technical reasons. As a former manufacturing guy with a customer base full of these companies (directly and indirectly Boston Scientific, Intuitive Surgical, Abbott Labs, GE Medical, Waters and more) I know that the sector has historically … Continue reading A Picture Perfect Ascending Triangle Breakout in a Near Picture Perfect Sector
With gold testing its 200 day moving average this morning I thought I’d reproduce the first part of the precious metals segment from week’s Notes From the Rabbit Hole (NFTRH 497), including a daily chart of gold at the end showing the anticipated SMA 200 test. [edit] Steve Saville updates gold’s ‘true fundamentals’ here. Notice at the end what is not considered fundamentally material. Precious … Continue reading A Gold Sector Fundamental View (incl. edit)
Please use the contact link above if there were any issues receiving it. We are all set with the major email issue and I think we are all set with a minor one where some email servers may not have been able to identify the email as coming from the @ nftrh.com domain. So after setting up Mac mail an adventure into the DNS records … Continue reading NFTRH 497 (finally) Out Now
We’ve had a return of the Gmail issue affecting delivery to your servers. You can use the password provided last week to access the archive for NFTRH 497 under the NFTRH Premium menu above. I have a commitment today and will work on the issue later. Continue reading Attn: NFTRH Subscribers
Interestingly, the goons backed off on gold but pressed silver from the short side. Gold CoT sees large Specs less long and Commercials cutting back on net shorts. The issue here is that gold remains on a slight trend toward improvement but is not likely at the end of such a trend. Silver CoT has the Specs covering shorts (now net long again) and Commercials … Continue reading Gold & Silver CoT
Here is just one picture from said whipsaw, and its an important one as a cyclical indicator; Industrial Metals (positively correlated to the economy) and gold (generally negatively so). A really nice breakdown in IM/Gold was followed by a neck snapping spike and now… down periscope. The weekly goes from breakdown to fully intact to suspect again. I do not post here pretending that I … Continue reading Macro Whipsaw Continues in Metallic Indicators
This is unfortunate for a member of the buttoned down, highly paid stock analyst community. Sanford Bernstein has evidently been bearish on Intel all the way up, most recently reaffirming a ‘sell’ on the stock: April 24, 2018: Intel (NASDAQ:INTC)‘s stock had its “sell” rating reiterated by research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They presently have … Continue reading Intel and Sanford Burnedstein
See this Bloomberg article for a look at the ingredients in a policy stew that looks like it was scraped off the floor of Worst Cooks in America. Click the headline for the article. Federal Reserve policy makers seem to be working at cross purposes. In laying out plans to ease some constraints imposed on banks after the financial crisis, the Fed is moving to … Continue reading A Fiscal/Monetary Mole Stew
As I have belabored over the years, the same implications that can spur a rising US dollar can go hand in hand with a bullish case for gold mining. That is because ‘inflation trades’ tend to drive gold’s price down in relation to oil, materials and in some cases risk ‘on’ items like stocks (although gold has been stair-stepping higher vs. the S&P 500 since … Continue reading NFTRH Update; A Couple of Odd (not really) Bedfellows, Post-Election
With the big picture macro implications of this potential secular crossroads in yields… …it is probably important to keep an eye on companion indicators to long-term yields. Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of … Continue reading 3 Amigos of a Different Kind
[edit 2] With fingers crossed I just sent off another update (showing a correlation gold stock players will find interesting) and nothing got kicked back! Looks like we’re good to go. [edit] An email sent from an alternate account appears to have gotten through. This problem has on rare occasion happened in the past with Gmail’s IP. As I understand it, they rotate IPs and … Continue reading Attn: NFTRH Subscribers – Gmail Admin Issue [w/ 2 EDITS]
