Strange Signals in Inflation Land

So… Wages and Salaries Jump By 3.1%, Highest Level Since 2008 …implying the inflationary growth – AKA Trump reflation – theme is alive and well. As noted in the linked blurb from Anthony Sanders, the Dow [supposedly] rocketed on the news. I’d say it was just looking for an excuse. But Industrial Metals continue the tank job we noted yesterday. And yup, that includes as adjusted … Continue reading Strange Signals in Inflation Land

The Men Who Stare at Charts: “Damage Done”

This man who is staring at you right now also stared at his charts and noted that the damage has been done to the stock market. “From a technical perspective, the damage that has been done technically to the stock market is much, much worse than people are talking about,” he told MarketWatch in a phone interview on Tuesday. ‘Godfather’ of chart analysis says ‘damage … Continue reading The Men Who Stare at Charts: “Damage Done”

Industrial Metals Breaking Down Again

It sure is not positive economic – or for that matter inflationary – signaling as Industrial Metals lose the short-term consolidation and break down on Monday and Tuesday. That also goes for the GYX/Gold ratio. Not economically positive and not inflation-positive. Whether or not today is the start of a real rally, the stock market is technically damaged and the indicators are burping up signals … Continue reading Industrial Metals Breaking Down Again

Attn: Subscribers – Trade Log & In-Day Notes: Twitter Alerts

I just wanted to let you know that I’ve more formally altered the Trade Log & In-Day Notes (3rd item down under the NFTRH Premium menu above, using weekly password) to include two distinct aspects. One will be an informal log of trading transactions, colored blue as usual for each trading day. The other will be associated notes (if applicable) during the day, colored green. … Continue reading Attn: Subscribers – Trade Log & In-Day Notes: Twitter Alerts

A New NFTRH Segment: Opening Notes – US Stock Market

I decided a couple weeks ago add a regular segment where I just talk about some things I think I know about a given market or situation based on the previous week’s activity. This is before I get myself educated on the latest market data and information. I need the weekly work I do in NFTRH as much as anyone. Without it, I can be … Continue reading A New NFTRH Segment: Opening Notes – US Stock Market

Gold Stocks Will Benefit From Cyclical Change [w/ edit]

[edit] When viewing the sector through a technical lens it has been ‘bounce only’. As this post shows, the fundamentals are in the process of changing for the better. What do bad technicals and good fundamentals spell? Opportunity. This edit goes in because while doing this weekend’s work (NFTRH 523) a road map to the buying opportunity has emerged. It has very much to do … Continue reading Gold Stocks Will Benefit From Cyclical Change [w/ edit]

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NFTRH Update; GDX Daily and HUI Daily, Weekly & Monthly (medium priority)

I added to the existing position in GDX this morning because while yesterday’s hard drop did not fill the gap at 18.50 it brought the price down to the SMA 50 and short-term lateral support. I will look to add more of this and/or individual miners if the macro and sector fundamentals continue to improve. You never know when the machines are going to lead … Continue reading NFTRH Update; GDX Daily and HUI Daily, Weekly & Monthly (medium priority)