The trends are not finished and so we’ve expected it to get worse before it gets better. And in gold especially, that is what went on as of Tuesday April 9. Commercials pressed the short side while the speculators, who will be positioned wrong at the next turn (as they were at the most recent turn), pressed the long side (options and futures combined). Then … Continue reading Gold and Silver CoTs Come in as Expected
While keeping CTRL on watch (for no real technical reason other than the deep sell down) I came across this maker of remotes/smart home devices. Let’s use the large size charts (click for clear view). The daily chart shows a break above both the 50 and 200 day moving averages. Consider however, that they are both still trending down which, even if a new uptrend … Continue reading NFTRH+; An IoT Stock Goes Bullish
Doctor Copper had a bad day yesterday, along with other commodities (and precious metals). This morning finds him holding the 50 day average on the futures and nicely green. Still no big bull macro signal yet, however (click charts for larger, clearer view). That would come if Doc gets above $3/lb. and holds it. Note the nice looking RSI trend and positive MACD on the … Continue reading Doctor Copper Intact, Even Bullish; But No Macro Prescription Yet
