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 here. But Uncle Buck has not yet firmly established new up trends. The Buck is bullish until proven otherwise, but shorter-term charts will be needed to gauge any pullback potentials. As of now the daily chart is intact (but a … Continue reading Currencies: Big Picture
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 2007; two very important global market junctures indeed. It appears now to have held within a massive Symmetrical Triangle and a failure to bust the Triangle and make a new high would imply a drop to the lower Triangle line, … Continue reading European STOXX 50 in Some Trouble
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 what gold (GLD) looks like today. Here is what copper looked like at yesterday’s close (in-day today it is a hair under 3, at 2.9981/lb). And yes, that is important support. Against the broader Industrial Metals complex GDX is weaker. … Continue reading Gold Miners/Copper Miners Ratio Is Interesting
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 It On Your Calendars Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the … Continue reading “Mark It On Your Calendars”
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 where all the world’s best stock pumpers congregate. Except of course, my article takes a bearish view… The Inogen Valuation Trap Now, let’s review a little history since I am writing from the perspective of my previous life as a … Continue reading A More Detailed Short Thesis for Inogen (INGN)
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 can change in an instant, but as of right now I don’t like the look of the VIX if I am a bull. Leadership has been falling off with NDX and SOX having tested their highs (NDX to a bull … Continue reading NFTRH; A Few Bullet Points on the State of the Markets (Priority: High)
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 off a bit as I got rid of SPXU for a sub-1% loss. But of course, this… The first 3 bullet items pretty much tell the story of where the media (MarketWatch in this case) is guiding its herds. That’s … Continue reading Market Comments & Sectors vs. SPY
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 flattened out and formed a bottom and base through some up and down market volatility, and has since put on the inevitable rally that its previous sentiment profile and pro-USD markets like the US Small Caps (which began leading the … Continue reading USD CoT & Sentiment… and a Revision
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 tissue guys… all with valuations to match their ‘gee whiz!’ factors, old Medtronic is just lumbering along in a daily chart bull flag… …and a weekly chart Ascending Triangle. Medtronic was never a customer of mine, but I was always … Continue reading MDT: A Boring and Reasonably Valued Medical Device Company
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 a simple post about gold noting that its status of a higher low to December needs to hold to keep its volatile uptrend intact. So that level (1238.30 to be exact) can be used as a ‘stop loss’ on a … Continue reading NFTRH; A Value Proposition in Gold & Silver (med. priority)
If you have read me – for all the good, even brilliant (ha ha ha), bad and boorish that has entailed – over the years you know I am not a natural momentum manager. But in the case of TRXC I decided it was a story stock with a story that could come true. The company’s funda have been slowly coming along with a couple … Continue reading TRXC: I Want My Mommy
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 below the 200 day moving average. But a “Death Cross” is more often than not a precursor to a bounce or even a significant rally when the cross happens with both moving averages trending up, which they are doing on … Continue reading “Gold Continues its Decline After Bearish Death Cross”
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 because of its valuation, especially as the valuation relates to its product, which is Oxygen Concentrators. Those are not medical devices, they are boxes stuffed with valves, manifolds and tubes that manage oxygen delivery. Here is some Robo-analysis from Simply … Continue reading INGN: The Biggest ‘Valuation’ Pig I know Of in the Stock Market
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 financial media readers to consume. “New Bond Bear Market!” they trumpeted, as yields were going to do something they have not done int decades! Hide your women and children!! And sure, the headlines may one day prove correct. But today … Continue reading Aftermath of the Latest Bonds/Yields Media Hype Campaign
