Well, a bear looking to get short would hope for a market bounce and so, here is a market bounce. I shorted IBB this morning (per the Trade Log) and my disclaimer is that I am not trading to necessarily profit on everything. I am balancing a portfolio (with the greatest balancer being cash). But the Biotech iShares did strike me as vulnerable so I … Continue reading NFTRH+; A Sector Short Setup
A self-explanatory daily chart of silver/gold (SLV/GLD). One of our ‘inflation trade’ signalers is approaching daily chart resistance while still in its downtrend. Break through and hold and the trade is on. Fail and… not so much. FWIW, the ratio is still trending down per the SMAs 50 & 200. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD … Continue reading Silver/Gold Ratio: Rubber… Meet Road
How typical. Just as everyone was getting beared up out comes the employment report featuring a blowout number of +312,000 in December (vs. an expected 188,000). Here is the blurb from BLS… This is not going to help the Jerome Powell bashers one little bit. Of course, with Apple tanking and the trade war raging on there are crosscurrents in play. But it looks like … Continue reading Employment Blowout
