We track the Biotech iShares each week, and here is the up to the minute view of a constructive situation breaking to a bullish one. From NFTRH 514 (I since added BIIB as well, per the Trade Log). The rough target for this pattern, which has turned out to be a Cup with a Handle breakout is around 137 as long as the 118-119 area … Continue reading NFTRH+; a US Sector ETF Cup & Handle Breakout & Target
With all due caveats about chart patterns, especially when they are presented in a day trader’s view (i.e. 60 min. or less time frame) here we see the Uncle Buck Bull fund testing neckline resistance to a would-be bearish H&S pattern. Not shown here, the USD index is bumped right up to its daily SMA 50 attempting to get back over it. So this juncture … Continue reading Uncle Buck’s Bull Fund, UUP, 60 min. Chart H&S
The ‘Gold as Inflation Hedge’ Canard On the one hand you have the sons of Harvey & Erb, who called gold to $800/oz. and caused a stir in the gold “community”. Per Campbell Harvey in this video with Kitco’s Daniella (dig the flowing golden locks of hair)… “Gold is just too volatile” to be an effective inflation hedge. Well yes sir, you are right. Gold … Continue reading Gold is the Sun, and an Anchor
Well, Andrew Left (@CitronResearch) has taken his cool 70% profit from shorting CVSI and moved on to CRON. As noted previously, I like Lefty but I wonder how on earth this is legal. I mean, are Cramer’s producers allowed to trade stocks that they know he is going to jump up and down about? Maybe, I have no idea. But I would think not. This … Continue reading CVSI: In Citron’s Wake [w/ edit]
Welcome to another edition of Sometimes Charts Work Out. Today on Sometime Charts Work Out we view the case of one Ciena (CIEN), which has had freakishly bullish looking patterns all over it. We’ve been stalking it in NFTRH for many months. From NFTRH 514’s NFTRH+ Charts & Notes segment… From yesterday’s NFTRH real time Trade Log… Bring CIEN back in on the pullback. Today’s … Continue reading Sometimes Charts Work Out: Ciena Edition [w/ edits]
I keep a link to the president’s tweets here along with a ton of other useful links. The link is named ‘The Tweeter-in-Chief’ but might as well be per the title of this post. Plucked from this user at StockTwits this morning… But I went to Trump’s Twitter account and among the chronic “Fake News” robo-tweeting of this TeeVee addicted cartoon character there was no … Continue reading The Magical Disappearing Stock Pumper-in-Chief
In yesterday’s update we noted some bullish ‘quant’ data from Sentimentrader related to the current sentiment conditions for gold. To me, it’s a moderate positive. But given the intensity of the mini crash and associated negative sentiment, I think there a good chance there is more to the bounce. At least that is the trade I took yesterday when buying 3X bull fund NUGT (per … Continue reading NFTRH; Gold Miners, Gold & Silver Daily TA (priority: medium)
Whether it’s the interplay between 10yr and 2yr (i.e. the Yield Curve) or the state of nominal bonds/yields, they are central to everything, along with our old friend Uncle Buck. If long-term yields are to rise (bonds decline) then investments should be tailored one way. If yields decline (bonds rise) then there’s a whole other positioning regimen. Here’s the still contrary bullish state of the … Continue reading Sentiment Still Constructive for Bonds
Yesterday we concluded… Bottom Line Market Internals are holding up and with the summer volumes caveat, the US stock market is breaking out (barring a head fake & whipsaw) to the alternate view and a target of SPX 3000+. The signaling may evolve once again to ‘anti-USD’. Let’s keep an eye on that. Global stocks are still trending down and have bounced as far as … Continue reading NFTRH; Projections: Updating Yesterday’s Update (priority: high)
A couple times before it was due to Yellow Jacket stings, including once when I was actually checking out (in shock, unable to see but having peaceful thoughts) before my wife got the Epi Pen and stuck it in my leg; I peed my pants (TMI, I know) and came around. The previous time (pre-Epi Pen, pre-therapy) I was alone and eventually came out of … Continue reading Still Alive… Again
Time again for our Spies on US sector relatedness to… SPY. Financials make a move to look a little less impaired, Energy still appears to be a negative divergence to the oil price, H/C trends up from May, Industrials are getting interesting, Materials are bouncing but still firmly down vs. SPY, and Tech is functioning okay but its relative trend is flat since May. The … Continue reading vs. SPY
Many internals indicators bounced with the markets yesterday. Among them were SPX & NDX new highs/lows, Junk bond to Investment Grade & Treasury ratios, TIP/IEF & TIP/TLT inflation expectations, Growth vs. Value stocks. Why, even the Dow Transports vs. Dow are making a bullish divergence. The stock market caught up to the bullish divergence we’ve been noting in the SPX Advance/Decline line. Equal weight SPX … Continue reading NFTRH; Broad Market Update (priority: high)
So say Mr. Gold, Jim Sinclair and Bill Holter here… $174,000 per Ounce Gold Not Funny – Scary – Jim Sinclair & Bill Holter The host (employing the traditional opening hook to suck in the kinds of bugs that go for this stuff like moths to a light)… “This is probably the most important interview I will do, ah, all year and probably the most … Continue reading Gold Going to $174,000 an Ounce!
Look, the Pot (and related) space is filled with nubile investors; young ladies (and dudes) suitable for marriage to a good stock story. In my cursory checks that is what a lot of CVSI’s investors are too; story chasers. Same with the whole Pot sector. I can be a story chaser too sometimes, but I try not to be a stock chaser (although I chased … Continue reading CVSI: The Beating Resumes
