“One Group Will Be Spectacularly Wrong”

The title was coined by none other than the Macro Tourist, Kevin Muir in another of his fine posts. One Group Will be Spectacularly Wrong In the post he outlines why those of us raising the RISK profile on the markets based on sentiment (my hand is raised) may be wrong in using Dumb Money – which per this Sentimentrader graphic (by way of NFTRH … Continue reading “One Group Will Be Spectacularly Wrong”

1 Post, 4 Metals

It’s a metallic 4’fer beginning with the economic metals (futures). Copper for cyclicality and gold for relative counter-cyclicality. Copper is fading to support again. Sure, it can fade to 2.70 while not breaking down, but the preferred support for copper (and global macro) bulls is right here. It’s below the SMA 50 and above the SMA 200. Gold is having second thoughts at least about … Continue reading 1 Post, 4 Metals

NFTRH 549 Out Now

As usual, I point you to the screenshot for a fraction of what’s going on this week. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the … Continue reading NFTRH 549 Out Now

Precious Metals End of Week Technical, CoT and Fundamental Status

After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (sighs of relief palpable…). HUI/Gold Ratio is intact to its higher lows from September. This was a logical bounce point … Continue reading Precious Metals End of Week Technical, CoT and Fundamental Status

Copper Fades to Support Nominally & vs. Gold

Copper futures are testing the support area again after dropping below the daily SMA 50. Not too stellar there, Doc. Copper/Gold is testing its 2019 bullish trend now. A cyclical macro inflation situation would depend on indicators like this remaining intact. Gold may not care much whether an inflation is cyclical or counter-cyclical (stag) but copper is a very different story. And if we go … Continue reading Copper Fades to Support Nominally & vs. Gold

A Look at Industrial Metals & Uranium Miners

The IMs are a mixed bag, seemingly dependent upon which industrial metal(s) are getting pumped on supply/demand (e.g. BHP & RIO on Vale Iron halt) or China news at a given time. Steel has been going the other way as X, SLX, etc. get hammered. The Metals & Mining ETF (XME) reflects its heavy steel mining and services weighting. Doctor Copper, meanwhile, has been stable … Continue reading A Look at Industrial Metals & Uranium Miners

Goldilocks Now, But She’ll Be Vanquished

Just one look at the daily chart of SPX tells us – in hindsight – that this may have all been about gap acquisition. I was completely right and righteous to be bullish on the Christmas Eve massacre low, right on up to the 50 day moving average, which was the original target. After that I was compelled by the market’s technicals to be bullish … Continue reading Goldilocks Now, But She’ll Be Vanquished

FOMO Spiking

I thought this was pretty interesting, from Bloomberg by way of Sentimentrader… no further words necessary. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email … Continue reading FOMO Spiking

Inflation, Deflation or Goldilocks? Bond Market Makes No Decision Yet

Just a post to touch base with the most important market on earth, the US bond market which, along with a lot of other indicators (like for one example, Copper’s struggle with $3/lb.) * will eventually indicate for us ‘inflationary?’, ‘deflationary?’ or ‘Goldilocks?’ At yesterday’s close the 10-2yr yield curve was in a long-term flattening trend but bouncing. It has actually not flattened further since … Continue reading Inflation, Deflation or Goldilocks? Bond Market Makes No Decision Yet