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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