Using the Industrials SPDR per this post as an example, we have another segment that has ticked to a lower low (finally). Now, the market being the market it will probably want to punish people for shorting the lower low today, but as noted in that earlier post, the next bounce would be a shorting opportunity (with a stop loss on that idea being a … Continue reading NFTRH Update; The Next Bounce (med. priority)
Yesterday we took a look at the bullish SYK breakout and the bullish chart of the Medical Device iShares (IHI). So here is the thing; bullish stocks are one thing and sound business is another. Many of these device/equipment companies have long-standing and sound businesses. But yet another thing is valuation. In combing through IHI’s holdings today, looking at charts, business specifics and P/E & … Continue reading About Those Medical Device Companies
Let’s take a look at the Industrial Metals Mining ETF vs. the Precious Metals Mining ETF. In other words, the miners of mostly cyclical metals vs. the miners of mostly counter-cyclical metals. A note: 10% of XME’s holdings are in Royal Gold and Newmont Mining, which are predominantly precious metals companies. But XME is overwhelmingly Industrial and thus, positively correlated with the economy. XME/GDX daily … Continue reading NFTRH Update; Industrial vs. Precious Metals Miners (med. priority)
Joining a very few other sectors, I am pleased to announce a brand spanking new baby downtrend in the Industrial ETF, XLI. The lower low marker is finally in and a classic shorting opportunity would be on the next bounce to a lower high, at which point the SMA 50 conveniently resides. The sector is probably entering a cyclical bear market. Okay, who’s next? Subscribe … Continue reading Industrials SPDR: New Downtrend!
As the US dollar pops to the anticipated test of the down trending SMA 200 (91.92, with USD currently at 92.09) we finally have this out of the way. That includes gold’s test of the SMA 200 going the other way. USD is testing resistance and gold is testing support. All is normal. Ah, but these are the financial markets and they are under no … Continue reading NFTRH Update; USD, Gold & Miners (med. priority)
You are on the email list, and NFTRH reports are now being delivered from the nftrh.com email account instead of the Gmail account. Please check spam on your end. Nothing was kicked back to me and there seem to have been no other delivery issues. I’ve sent you this week’s report from 2 different accounts to assure you receive from at least one of them. … Continue reading Attn: Subscriber R.H.