[edit] As often happens when I go off topic into politics I think a few people are surprised at my lack of sophistication in that area (which I don’t mind). A couple emails would set me straight on the political issue, as I actually agree that my view stated below is overly simplistic. One emailer, a former public defender and Assistant DA also contests my … Continue reading Mask Your Maw & Obey the Law (within reason) [w/ edit]
Back in full operation after a slightly abbreviated report last week. I cannot control what the market is going to do, but I sure can keep us tuned up on some important factors in play. NFTRH 605 does that job well, as we continue to navigate what has been a really weird and successful year. Subscribe to NFTRH Premium (monthly at USD $35.00 or a … Continue reading NFTRH 605 Out Now
I’ve nailed a few of them lately. Today it’s DVAX, which has been a perpetual watch list item since taking a good profit on it in late 2019. Per the Trade Log: 5.28.20: I think the casino patrons that bought DVAX on the COVID vaccine hype have been punished enough as the stock pulls all the way back to the just now up-turning SMA 200 … Continue reading Sometimes You Nail it and Sometimes You don’t
Sometimes NFTRH+ will see a chart and post it. End of story. I depend on you to do all of your own due diligence or completely ignore posts like this as you will. This is a speculative stock that normally I would not highlight but I had a recent successful trade in it and heard from a subscriber who watched the Trade Log that he … Continue reading NFTRH+; This Stock is Dropping to a 62% Fib & Support
Might as well micro-manage the US dollar index a little more since it’s at a pivotal juncture. For the copper view to prove bearish on the fairly near-term USD would probably need to hold here around the SMA 200. It’s putting in a Hammer candle today so who knows, maybe that’s the start of a support hold. But as with Copper’s situation in a different … Continue reading Micromanaging Uncle Buck
We had the bear viewpoint correct and sure enough, the good doctor finally explored the depths of the Air Gap (and then some). We had the reflationary bounce correct too. Now, will our handy daily chart guide us to be correct on the view of copper as terminal? Why it’s bull flagging upward think casino patrons living in the now instead of in a projection. … Continue reading Doctor Copper’s Prescription is Un-Bullish
While many signals are up in the air, a couple of them that we have shown to be early indicators of inflation and associated trades continue to plow upward. The nominal TSX-V (CDNX) continues its massive counter trend bounce. The longer this keeps up, the better the chances that the index can change its major trend, which is down. Of more importance to future ‘inflation … Continue reading NFTRH+; Status Update of Two Key ‘Inflation Trade’ Indicators
On May 8th we discussed lesson #1,764,328… That lesson would be: When you think you see something in the markets and your methods have been working do not be unduly influenced by things you see on the internet, especially short-term (60 min. or less) chart patterns put forth by… …a group in which you are [I am] included. It was in regard to having seen … Continue reading Revisiting SPY & XLV 60 Min. Charts
I get so carried away with indicators and ratios that sometimes I forget to just take a look at the simple stuff. Well, here is some simple stuff. The US Dollar index (daily) is in an unpleasant pattern, testing short-term support and the SMA 200. We (NFTRH) have kept that lower low to the June 2019 low on radar ever since it was made because … Continue reading Uncle Buck, Do or Die
The 10-2yr yield curve continues to be elevated this morning. Its recent history is of an inversion that the media touted heavily as some sort of Armageddon warning late last summer, the predictable rebound out of that, and with the coming of the COVID-19 crisis, a new steepening. It then consolidated and recently broke consolidation. From CNBC w/ my markups. A steepening yield curve can … Continue reading Yield Curve Status & Implication
[edit] I goofed and neglected to set a password. It’s okay though, I’ll leave it public. Okay, I lied. I’d said no more precious metals micromanagement for today. Well, here is a brief bit of it. I am not using a chart but as we know gold stocks have hit the minimum requirement for a test of key support with HUI ticking a low just … Continue reading NFTRH+; Gold, Silver & Silver/Gold Ratio [w/ edit]
When downside leaders like the small caps finally revert upward to their previous (down) trends, maybe then the market will top out and the sentiment rally will terminate. If moves like this do not change their trends it is just hope (and the peoples’ funny munny as printed by the Federal Reserve) keeping the dream alive. It’s just a reversion to trend as the market … Continue reading When the Crap Reverts
We’ve been using the chart in the earlier post since the depths of the crash to manage the A-B-C crash correction and the rally out of it. That chart has relied primarily on lateral resistance and support as it also took note of gaps to be filled. Let’s take a different view now that the correction is well under way. I don’t usually put a … Continue reading NFTRH+; Another View of HUI
The over valued growth area known as the Cloud (w/ SaaS software and all that remote collaboration stuff) has been a leader out of the March crash, leading broad Tech (NDX, QQQ), which itself is a leader. This has served me well in that time, but yesterday the CLOU (an ETF I have never owned, but used here for illustration)/QQQ ratio reversed and today it’s … Continue reading Market Leadership Indications
