An alert subscribe reminded me that Thursday is Fed ‘SOMA’ day, which is a day that the Fed is due to sell another chunk of Treasury securities. Isn’t it neat how they are bidding T bonds up (in line with our short-term contrary view) as the Fed prepares to sell? Reference the post at Biiwii on May 16 in which Kevin Muir highlights Martingale Macro’s … Continue reading NFTRH; SOMA Enters the Equation (med. priority)
Per yesterday’s update… I’d like to review once again a daily chart showing the support parameter to the ‘top-test’ scenario. The reason we should be aware of support is because complacency has already returned to the markets and also because if the rest of the plan is anywhere near on target, the next major move would be down, not up even if SPX does test … Continue reading NFTRH; Stock Market On Message (high priority)
Citron Research is a noted short seller. Basically, the guy (Andrew Left) hates everything. Sometimes he’s right and other times he’s either wrong or a given stock he shorts just does not care about the bearish case and goes up anyway. I have never shorted anything he has put the bear on but I was first alerted to the long-term bullish case for BB by … Continue reading NFTRH+; A Post-Citron Look at ROKU (low priority)
It was just a little over a week ago (May 20) that NFTRH 500 presented a case for caution on the rising bond yields tout that was vigorously in play across the financial media. Here is an excerpt from the Bond Market Sentiment segment presented at the time. From this public post: I want to make clear that I am not trying to predict anything. … Continue reading About Those Bond Yields
