3 Metallic Amigos on Macro Relief Tuesday

The Amigos check in with their futures charts as follows on this day of market relief sweeping the globe. And I don’t say that derisively or dismissively either (cough cough… “NDX new all-time highs”… cough cough). The Golden Amigo does not like the widespread cheer and good feeling because he got caught up with the forces of fear and angst coming from the Coronavirus situation … Continue reading 3 Metallic Amigos on Macro Relief Tuesday

NFTRH; Market Talk & HUI Daily Chart Parameters

It’s simple. Corona relief, Central Bank policy and the recently beaten down sentiment profile are either going to bring lasting relief and joy to the land or they are not. If they do, and the macro reflation trades resume (along with inflation expectations) the gold sector would likely go back to being ‘just another sector’ or even an also-ran. If they don’t and a stock … Continue reading NFTRH; Market Talk & HUI Daily Chart Parameters

Checking the US Market Leadership Chain

The leadership chain of SOX → NDX → SPX was noted to be wobbling on its front end in NFTRH 588’s Market Internals segment. It had just gone to neutral (blue) after months in the green (bullish) as SOX abdicated leadership to NDX. Here is the chart as it was on Sunday, preceded by some words… Well, in this sentiment driven market you never take … Continue reading Checking the US Market Leadership Chain

Unstoppable Force (Coronavirus) vs. Immovable Object (Central Banks)

The Unstoppable Force Right now, the Coronavirus is not to be taken lightly. From initial coverup to its “relentless march outward”, it has been a thus far unstoppable force. As New Coronavirus Spread, China’s Old Habits Delayed Fight …a coronavirus that is now on a relentless march outward from Wuhan, throughout the country and across the globe, killing at least 304 people in China and … Continue reading Unstoppable Force (Coronavirus) vs. Immovable Object (Central Banks)