My charts and updates can be busy with moving averages and other clutter (like my constant harping about fundamentals and indicators :-)). So once in a while it is nice to strip everything out to the bare bones. These charts are large and clicking them will give a clearer view. Daily HUI is back testing a break above the top line of a wedge today. … Continue reading NFTRH; Simplified Daily & Weekly Charts of HUI (med. priority)
Daily looks in-market are not meant to be a science. It is longer trends that eventually reveal the logic of ongoing macro moves. But I do find it interesting that on a day when inflation expectations gauges were pressured GDX broke out of its bullish flag, and on a day when those gauges are jumping GDX is on a pullback. What do you think, Beuller? … Continue reading After Inflationist Bugs FOMO at the Mouth, GDX & Inflation Signals Go the Other Way
What do you do when you buy (as it held its SMA 50, per the NFTRH Trade Log) a story stock (with a story you really like, mind you) and it pops 17% within 2 days of purchase… on no news? Well, I don’t know what you do but I sell half the position and hold the other half while evaluating. It is either a … Continue reading What Do You Do When Your Story Stock Pops 17% in 2 Days?
The volatility arrived this morning after a burner of a breakout from the flags that were formed last week (GDX was shown in NFTRH 539 just beginning to sneak out of its flag). Here’s a straight daily chart TA update to show normal pullback areas. We had noted that HUI 170 (original target) to 180 was a thick band of resistance and Huey reversed in-day … Continue reading NFTRH; Enter the Volatility… Daily Charts of HUI, HGR, Gold & Silver (high priority)
