It’s been years since I’ve cared much about silver but at the May lows I cared enough to initiate and then add to a position in SLV. It’s not ownership of a precious metal. But it’s a vehicle I trust more than any and all silver miners; and besides, when it gets going it moves well enough that miner execution/political risk does not need to … Continue reading Silver Bullet Breaks the Moving Averages
On May 22 this post reviewed… What Healthcare Needs to Do to Go Bullish In that post we reviewed the XLV/SPY ratio, noting the hard ‘V’ bounce, which has since continued upward and is most recently consolidating (as broad market relief overtakes H/C’s relative defensive characteristics). We also used the nominal chart of XLV to show the ETF in the nose of a small triangle … Continue reading Healthcare Sector, Updated
You can get the full BLS report by clicking the graphic… Here is the monthly breakdown. As usual for the Good Ship Lollypop’s consumerist economy (hey wait a minute, wasn’t the trade war supposed to help the miner, the manufacturer and the other down trodden areas?) sails on relative to the productive economy. Professional and Business services, Education and Health services, Leisure and Hospitality services. … Continue reading May Payrolls… Ruh Roh, +75K
From Wednesday’s update on the SPX bounce (emphasis added)… To keep symmetry with the ‘alt’ shoulder scenario this morning’s projected opening gap to 2820 should be about all there is to the bounce. Ah, but we have seen this movie before and it does not always make the sense we think we see in advance, so let’s also allow for a gap fill and upside … Continue reading NFTRH; S&P 500 Status
