USD index found long-term lateral support as did its pairings with the usual suspects. We noted this support months ago and there is nothing surprising
Month: June 2018
European STOXX 50 in Some Trouble
This monthly chart of the Euro STOXX 50 failed to make a higher high in 2017 and has held below trend lines from 2000 and
Gold Miners/Copper Miners Ratio Is Interesting
The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold’s ignominious state at the moment. Here’s
“Mark It On Your Calendars”
Just a note from your friendly Macro Tourist that June 30th is another big QT bond maturity day. Kevin Muir recounts the implications here… Mark
A More Detailed Short Thesis for Inogen (INGN)
As posted over at SeekingAlpha. I really don’t want to get too much into individual stock management here at my site. Best to do that
NFTRH; A Few Bullet Points on the State of the Markets (Priority: High)
As noted in the previous (public) post, the VIX looks bullish and does not seem in line with a resumed stock market rally scenario. That
Market Comments & Sectors vs. SPY
While the S&P 500 is still technically holding its uptrend from the April 2nd low, the VIX is sporting a bullish look. That backed me
USD CoT & Sentiment… and a Revision
USD was in a very good contrary sentiment position into late January, as the global anti-USD inflation trades ripped higher and USD dropped. It then
MDT: A Boring and Reasonably Valued Medical Device Company
Unlike the Surgical Robot guys spinning our heads with science fiction as reality, unlike the purer play implantable valve and stent guys, unlike the implantable
NFTRH; A Value Proposition in Gold & Silver (med. priority)
Now that everyone seems to hate or at least have moved on from the precious metals, let’s take a closer look. This morning I made
TRXC: I Want My Mommy
If you have read me – for all the good, even brilliant (ha ha ha), bad and boorish that has entailed – over the years
“Gold Continues its Decline After Bearish Death Cross”
The title quote was found written on a chart of gold at Bloomberg, referring to the daily chart’s cross of the 50 day moving average
INGN: The Biggest ‘Valuation’ Pig I know Of in the Stock Market
I am short this medical “device” company not because of its chart, which is finally starting to at least give a hint of negativity… …but
Aftermath of the Latest Bonds/Yields Media Hype Campaign
None other than “BOND KING” Bill Gross was served up on a platter (along with side orders of Dalio, Tudor Jones and Gundlach) for mainstream