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
That thing on Monday had me a little perplexed for a couple of reasons. First, there is the CoT for gold and silver that had been stretched to a degree of short-term risk. Second, because I have a minimum downside support target that has looked nice and logical (noted in NFTRH 569 and previously). The chart of SLV handily shows silver’s big re-think of the … Continue reading Sucker’s Gap in Silver
A few charts taking a look at some some hidden global macro views. The weekly chart of ACWX & inverse USD tells you all you need to know about the strong reserve currency and relative global stock impairment. When you look at this you realize that Trump is in effect trying to help global stocks more than US stocks when he beats on Jerome Powell … Continue reading Global Views Beneath the Surface of Things
Taken from a comment to a post over at Tim Knight’s Slope of Hope… Perfect! That is how the whipsaw market driven by the news cycle feels to me. Trump unleashes a tweet, Pelosi unleashes impeachment hype, someone lobs a bomb at an oil processing plant, the mainstream media bombard us all with it and then the markets react after the machines react. I can’t … Continue reading Sums it Up