Daily GDX has not broken down. I would not rule out a bounce to fill the gap above 28 and possibly test the SMA 50. It’s obviously a bearish look however. I’d continue to expect a good chance that we can fill the gap at 24 and/or test support to clean the sector. The weekly chart shows thick support at that area, which includes the … Continue reading NFTRH; GDX & GDXJ, Daily & Weekly Charts
If you see any sources out there talking about a “hit job”, an “attack” or other such language about the precious metals correction, especially in the miners, you should probably flag that source as not to be trusted over the long haul because that source will have identified itself as a promoter, a booster or at best an ideologue. If you see Men Who Stare … Continue reading “Gold Bugs Should Not Look for Conspiracy” Says This Chart
On plan, folks. On plan. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) 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 form on the right sidebar and get even more by joining our … Continue reading NFTRH 570 Out Now
…and ready to strike as of Tuesday the 24th. They amassed heavy open interest and pressed the net shorts into the week’s high, which was not so coincidentally the day before the “hit” that some will sell as conspiracy. Open interest, net spec longs and net commercial shorts all hit their highs for the move before the pullback. It was just time, folks. All this … Continue reading Gold CoT Saw the Goons Assembled…
Hilarious… And one of my favorite songs… Little Black Subs Continue reading Black Keys Master Class…
 Make that 2nd confirmed… a gentleman quit many years ago after I made fun of Sarah Palin. I say confirmed, because I am sure I’ve lost people in the past due to my political content or other such opinionated writing*, but just didn’t know it. This gentleman took the time to write me a note. While I am not seeking permission to reproduce it, … Continue reading 1st Confirmed Subscriber Quits Over My Supposed “Political Bias” [w/ edit]
Complete with rising volume on the breakout (neckline not shown, but it’s broken). Oh wait, never mind. It appears I inadvertently turned the chart upside down. Here, let me fix it. Look at that weak-ass right shoulder. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and … Continue reading AMZN… Check Out the Bullish Inverted H&S!
Happy now? Well congratulations, if the reports are true Trump is now trying to take over free market forces with protectionism going steroidal. I hold BABA and so I am doubly irritated by this. But those investors emailing me to ease up on Trump because of all the good he’s done might just want to consider the bad he’s doing as well. Stock market hits … Continue reading To Trump Supporters Who Are Also Investors…
Silver has pulled back to a 38% Fib, the SMA 50 and a lateral support shelf on the daily chart. Good work. The weekly chart shows that area to be notable support from a longer-term perspective as well. But it also shows the model we used from 2016 as to what the first real short-term correction might look like. Silver has pulled back significantly from … Continue reading NFTRH; Downside Targeting Updated for Silver & HUI
The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it will be due to inflationary pressures. It is a critical component to understanding whether cyclical commodities and other aspects of a greater inflation/reflation trade will finally break existing downtrends. See… The Continuum is Still in … Continue reading Silver/Gold Ratio is a Guide as Inflation Signals Fade Again
As suspected, the various inflation/reflation trades were just bouncing in their downtrends as they have stopped within those downtrends after some pushed the limits. Commodities are chained to inflation expectations and those are still burrowing southward. With the exception of a couple precious commodities (bullish Palladium and constructive Platinum) the complex continues to follow its 50 and 200 day moving averages along their trends. Industrial … Continue reading Commodity (and Inflation) Fade Continues
If this daily chart is to be believed all the bad news has been cooked into BA and it’s going to go to a gap fill at 410 or a pattern measurement at 440. If this daily chart is not to be believed BA is going to roll back over through tentative support and negate the breakout. I took a shot yesterday thinking maybe Thing … Continue reading Faulty Airplane Maker Breaks Out, Sort of
I used the last bounce to unload one position in TBT at a very good profit, while my existing position – part of my home made curve steepener with short-term T bond fund SHY – resumed bleeding red. So with a wimpy preamble that it’s here to provide half of a strategic relationship and not make a profit… I’d still like to make a profit! … Continue reading T Bond Short Bottoming Again?
The internets have been conspicuously weak, as we’ve been noting in the NFTRH reports using a weekly multi-panel ETF/Index charts. Here’s the daily view of FDN right at its neckline support. It’s got a Hammer candle and could bounce. A short between 138 and 140 might work out (with a stop above 141 or so). This measures to around 115. I actually took a short … Continue reading NFTRH+; 4 Charts, 4 Short Setups