A Post-Powell View of USD, S&P 500 and Gold

The Fed blinked. This was not news to Macro Tourist Kevin Muir or readers of Biiwii.com, which is very pleased to publish his work. Fed Finally Blinks Amid a weakening global economy, gathering signs of weakening in the US economy and a dump in inflation expectations, Jerome Powell implied that the Fed may be going on hold for a while after a December rate hike. … Continue reading A Post-Powell View of USD, S&P 500 and Gold

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NFTRH+; This Stock is Making a 2nd Attempt at a Long-term Breakout

When FEYE was added per the NFTRH Charts & Notes segment it was noted that it had broken out and then pulled back, but was worth watching (or something to that effect). The daily chart has seen the stock spike since finding support at the up sloped SMA 200. That spike has brought it back to breakout territory. The weekly chart shows the larger situation. … Continue reading NFTRH+; This Stock is Making a 2nd Attempt at a Long-term Breakout

The Consumer Foretold the Correction

The relationship between Consumer Discretionary (and its big Amazon component) and Consumer Staples is an indicator on risk tolerance vs. defensive behavior in the stock market. Much like we did with the Semi Equipment leadership (another of our many ‘internals’ indicators) failure a year ago, we used XLY/XLP as a gauge of worsening market behavior for the risk ‘on’ contingent. We used these XLY/XLP charts … Continue reading The Consumer Foretold the Correction