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NFTRH+; a US Sector ETF Cup & Handle Breakout & Target

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

Uncle Buck’s Bull Fund, UUP, 60 min. Chart H&S

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

Gold is the Sun, and an Anchor

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

Sometimes Charts Work Out: Ciena Edition [w/ edits]

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]

The Magical Disappearing Stock Pumper-in-Chief

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

alice

NFTRH; Gold Miners, Gold & Silver Daily TA (priority: medium)

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)

Sentiment Still Constructive for Bonds

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

alice

NFTRH; Projections: Updating Yesterday’s Update (priority: high)

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)

vs. SPY

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

alice

NFTRH; Broad Market Update (priority: high)

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)