[edit] In the time it took to write this post the sector went from stable to breaking upward from consolidation. Let’s not have many words. Let’s just pop up some of the better looking charts on my watch/hold list. They are not marked up because I just created this new chart list to be used in NFTRH going forward due to the issue of TradingView … Continue reading NFTRH+; Desirable Mining Charts
Last week NDX put in something of an Evening Star Doji and bull trapped the momos into a pullback for a second time, as we noted in NFTRH 609. Today it dropped perfectly to test the breakout support level we also noted in #609. So far the bulls are good above the EMA 20, but MACD has a suspicious looking roll to it and RSI … Continue reading NDX Tests Breakout Support
One of the things they teach you in Market Genius 101 is that an overbought stock can remain overbought for a lot longer than you can patiently wait for it to come back down. Hence, Great Bear Resources has been a rare exception for me and has been ‘hands off’ where the sell button is concerned. As long as they keep poking holes and filling … Continue reading GBR.V (GTBAF): Relentless Momo
Screenshot, inform the nice people of what you will. As for me, I need to get a little exercise on a nice day. 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 … Continue reading NFTRH 609 Out Now
The last post is as much a commentary on the people arguing against masks as it is me (and my cartoon-like imagination of the average Trump supporter), a way too busy market manager, staking a claim one way or the other. Although my point all along has been that if it’s the law, obey the law. What does it hurt to alter “God’s wonderful breathing … Continue reading Adventures in Mouth Breathing
Okay my global friends, we are not all dumb as a stump here in America. We just play the role on TeeVee along with our reality star president. Some of us however, take the role really really seriously. As COVID-19 cases perhaps moderate nicely in your country because you took orders from your oppressive government, we here in America believe in freedom. See, these Americans … Continue reading “And they want to throw God’s wonderful breathing system out the door”
We’ve covered the status of Amigo #1, Gold: It broke upward from the post-March consolidation. We’ve covered the status of Amigo #3, Copper: Still rallying within a larger downtrend. Here’s a post where metallic Amigo #2 gets his own space. I have not cared for the short-term daily chart pattern but as of this morning it is holding above the EMA 20 and support at … Continue reading Silver Daily, Weekly & Monthly Technical Situations
It’s not analysis so much as it’s just some fun with charts and time frames Come back with me to a time when Nixon severed the final ties that the US dollar had to the sound monetary anchor, gold. Look at how handily paper stocks have beaten the pulp out of the pretty rock. It’s not even close. Stocks benefit from successful inflationary operations better … Continue reading Through History With the Dow & Gold
I am not an Energy head, but this catches my eye. A subscriber asked if I would focus closer on Energy and I was a little bit dismissive (of Energy, not the subscriber) after having one highlight (and trade) in Energy earlier in the macro relief bounce. This prompted me to take a look at Natty (I already know what Oil is doing), which is … Continue reading NatGas Breaks to New Lows; Disaster or Massive Opportunity?
Just thought I’d provide a look at copper, which is testing the very tentative 2.62 support level. So far the daily prescription is an ongoing uptrend from March. Weekly copper advises that the big trend is still of lower highs and lower lows. In other words, it’s down. But we have one indicator in particular, in NFTRH work, that is not so sure the next … Continue reading Doctor Copper Prescribes…
Again the disclaimer: It’s one indicator, and it’s probably an indicator I look at a little too closely. But then again I get nerded out on this stuff. The TSX Venture to TSX ratio is making a hard push at the important resistance zone after choosing up rather than down out of the consolidation. Recall we originally noted its status in the Diamond consolidation pattern … Continue reading NFTRH+; Well, this is interesting…
Some words and several charts to take a reading on the status of the macro bounce. SPX turned down from resistance and will try to find support at the SMA 50 (2969) and/or the SMA 200 (3020) after easing below the EMA 20 (black dotted line). It has not filled the immediate gap or the upper gap and remains vulnerable to all those lower gaps … Continue reading NFTRH; Status of Stocks, Commodities & Precious Metals
I have been long GBR.V and GTBAF (Great Bear Resources) for many months and have not sold any shares. I actually added to the GBR.V position, which brought its cost average down to 126%. But the majority of shares are +150% right now and I think it is a good time to advise about a response to a subscriber yesterday who is sitting on large … Continue reading NFTRH+; What to do with a 150% Paper Gain
It’s not me saying that. If this party goes full on punch bowl, so be it. But the daily chart of the Copper/Gold ratio says easy now casino patrons and party goers. It’s a relief bounce in a downtrend. The weekly chart? Same message. And despite what Trump touts, this process of negative economic signaling has been in play since well before the Coronavirus reared … Continue reading Copper/Gold Ratio is Not Bullish Despite the Bounce
