alice

NFTRH; In-Day Market Signals (Priority: High)

Industrial Metals and Palladium are dropping vs. gold today. What is interesting is not so much that they are dropping but that they are dropping in relation to gold, which is also getting hammered. This is not inflationary signaling and the declines in nominal GYX & PALL are not economically positive. Consumer Discretionary is down vs. Consumer Staples but is still above the breakdown point … Continue reading NFTRH; In-Day Market Signals (Priority: High)

2 Triangles Ascending to Blue Sky, Profits Taken

I’ve held MDT for months now and given the market view, it is time to raise cash and take the profit. It’s a massive medical device company and that sector, while weakening lately, is per my previous experience in the real economy, a defensive sector. The problem being that the device sector got all momo’d up by Wall Street’s risk ‘on’ Armanis. MDT is one … Continue reading 2 Triangles Ascending to Blue Sky, Profits Taken

alice

NFTRH; Falling Into Place (Priority: Medium)

The title of the post is purposeful in that things are falling this morning. Stocks, yields, commodities and precious metals. And drops in stocks and commodities would be needed in order to paint a bullish fundamental backdrop for gold and gold stocks. Yields are a different animal, in that the state of short-term yields vs. long-term yields (yield curve) is most important, but when they … Continue reading NFTRH; Falling Into Place (Priority: Medium)