Today on The Men Who Stare at Charts we note the case of a man who got taken out of his position in ITA by his own chart-staring eyes. This man had had enough of the negative Boeing hype and seeing it was the #1 holding within ITA bought the ETF. Then as it dwelled one too many days below the moving averages – and … Continue reading Man Stares at Chart, Clowns Himself
In other words, an indicator pitting Consumer Discretionary vs. Staples is making a move for market bulls. Was today an April fools joke? If not, an indicator that usually goes with risk ‘on’ backdrops may engage here. 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 … Continue reading Discrete Consumers Taking the Lead Over Staples Buyers
All I can do is advise what the charts say at any given time. What this one says is that my original downside target is in jeopardy as long as SPX is above the top (though still hypothetical) channel line on this weekly chart. It does not mean that this top-test will not fail, but we have to call ’em as we see ’em and … Continue reading “Ruh Roh” Think the Bears (SPX Weekly Chart)
The headline says it all (click for the story)… This is fine because one of our major themes – assuming we do not go full blown counter-cyclical here in the US – is that pending the US dollar, global will out perform the US in 2019. Who’s of interest globally? Well yes, India. But also China/Asia, with a side of Emerging Markets. Russia too, quite … Continue reading US Stock Futures Climb on “Upbeat China Data”
