Attack of the Giant Squid

Not unrelated to the previous post about long-term interest rates, I added the Vampire Squid yesterday per the NFTRH Trade Log. I did so after getting a sneaking feeling about yields still being in bounce mode and considering the banks and financials. Instead I settled on GS and its decent chart pattern, which then pleased the market today. What’s more, I think it has a … Continue reading Attack of the Giant Squid

Long-term Treasury Yields on the Move

The 10 year yield is in a short-term bounce pattern, which is completely unsurprising as it goes in positive correlation with stocks on their relief bounce from the risk ‘off’ decline in yields. The 30 year yield is further along, having broken above a S/T resistance area (3.5%) yesterday. Of course, the longer-term view is that of our Continuum, which will decide what the bigger … Continue reading Long-term Treasury Yields on the Move

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NFTRH; Gold Miner Sentiment & Daily Technicals (medium priority)

A very simple update to show that as the stock market’s bounce has proceeded to target, dragging formerly over bearish market sentiment with it, the gold sector has pulled back with its sentiment turning toward over bearish from a previously over bullish reading. Here is the latest short-term sentiment data from Sentimentrader, showing the gold stocks out of favor (in favor to a contrarian view) … Continue reading NFTRH; Gold Miner Sentiment & Daily Technicals (medium priority)