The terminology is in honor of the SpaceX launch. But what else can I call this thing that DVAX did? I patiently watched it make a severe bull flag pullback to the up-turning SMA 200 and fill a gap. There I bought it, figuring that the COVID-19 vaccine hype was out of the stock. There I thought I had a good entry for a longer-term … Continue reading DVAX Launch Hits Escape Velocity
In taking a look at the daily chart of the VIX and noticing its somewhat firm look (as opposed to a continued plunge) I expected to find a divergence warning when pulling up the second chart (Inverse SPX with the VIX). I guess I am looking for reasons to take more profits. But there is no divergence here between the VIX and the inverse of … Continue reading VIX Not Diverging Inverse SPX
With word back in April that Apple may be partnering with TSMC (replacing Intel) to make its chips, and with news that TSM is building a plant in Arizona for that purpose among others, TSM has been on the edge of my mind. So much so that I added it today as it has bull flagged down to short-term support and the moving averages. Those … Continue reading NFTRH+; a Global Semiconductor Company in a Setup
It’s nothing we have not been expecting for some time now, but the Silver/Gold ratio (SGR) is bonking its head right into the target zone today. Personally, I am a little nervous because gains are coming from all around and it seems too easy, which of course is how things would feel for an extended period if the SGR is able to break through here … Continue reading NFTRH+; An Important Target is Registered
The Silver/Gold ratio is still ramming upward along with its reflationary companion the CDNX/TSX ratio. We noted the near-term bullishness and the cautions therein in updates last week and in NFTRH 605. But let’s take a look at nominal silver. The daily chart shows that it has come to the level of the previous three highs around 18.90. Must it stop here? Well, it is … Continue reading NFTRH+; Silver Futures, Daily, Weekly & Monthly
Policy makers are trying to manufacture is a cyclical inflation. A prime indicator to the success of such operations would be bullish copper. Now it gets interesting as the good Doctor continues up and out of the latest short-term bull flag on his date with resistance beginning at 2.50 (after which comes the down sloped SMA 200 at 2.55 and lateral resistance at 2.62). I’ll … Continue reading Dr. Copper Continues Upward From a Bull Flag, Trends Remain Down
The US Dollar index is slipping further below the 200 day average (orange) and associated resistance. The forces of reflation take the upper hand again today as the stock market’s sentiment event * forges onward. The country may be falling apart but asset owners will have their profits. It’s a divine right if policy makers have their way, which would be the way of a … Continue reading USD is Tiring; Bananas for All?