Silver CoT Looking Good, Gold Not So Much

Here is the CFTC Commitments of Traders data just out (we’ll have the graphical view of both silver and gold in NFTRH on Sunday). Why, look at those large Specs pile on the shorts (as of Tuesday, it’s likely better with today’s price puke) as the Commercials continue to net cover shorts. And the little guy is getting whole hog bearish on silver this week … Continue reading Silver CoT Looking Good, Gold Not So Much

Strange Signaling in the Semi Sector

As noted many times along the way since 2013 a reliable leadership progression in the US stock market has been this chain… Semi→Broader Tech→Broad Market (SPX). So let’s check up on it. Ruh Roh, Semi/Tech is on the verge of a weekly breakdown below its formerly supportive moving average. That moving average is not a be-all, end-all but it is notable. Meanwhile Tech leadership continues … Continue reading Strange Signaling in the Semi Sector

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NFTRH+; BTC/USD & GBTC Pullback Projection

The strenuously overbought Bitcoin (BTC/USD) is finally pulling back from a resistance zone by this weekly chart. The lateral support shelf is shown in green. The vehicle I used previously (on a trade off the bottom) was GBTC (down 9% today), and if I want to re-position it’s what I’ll use again. This daily chart shows a viable pullback range of 7.35 (50% Fib retrace) … Continue reading NFTRH+; BTC/USD & GBTC Pullback Projection

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NFTRH+; an Intermediate Low Upcoming For This Sector and Some of These Stocks?

The macro view of Uranium is that the slack demand will eventually start to tighten (note the word “eventually” with patience) and that the sector has a future in clean energy and EV. For NFTRH+ purposes however, let’s just get a look at some daily charts that have been taken down hard lately (click for sharper view). The Uranium holder has lateral support from 2018, … Continue reading NFTRH+; an Intermediate Low Upcoming For This Sector and Some of These Stocks?