Well if this is not a decision point I don’t know what is. USD index is making a hammer candle right at the last ditch support line we’ve been watching. Copper ticked 2.50 and it is no coincidence that these two generally opposed items are doing opposite things (at support and at resistance). The macro could go either way, inflation/speculation or deflation/liquidity drain. We are … Continue reading NFTRH+; USD Index & Copper Futures
I am not showing you anything new here but I tend to continually review indicators like this both for myself and for others who maybe have not caught all details to date. The Silver/Gold ratio (SGR) came to our warning point yesterday and of course today comes the pullback/reaction. The weekly chart adds a downtrend channel that the SGR busted down from during the COVID-19 … Continue reading NFTRH+; Silver/Gold Ratio Daily, Weekly & Monthly
Chart guy sees pattern. Chart guy sells stock during risk management despite intact pattern. Chart guy keeps stock on radar and continues to lust over chart pattern. Chart guy buys back. Today chart guy books 19% and looks to rebalance to other areas beyond the remote work/collaboration stuff. The pattern by the way, targets close to 45 but I am not going to be greedy … Continue reading A WORK-manlike Profit Taken
A pre-market snapshot using daily charts of key items. Gold continues to dwell in a longer-term resistance zone after holding support yet again. Trends are up and the pattern targets 1940 as long as support holds. The negative divergence could be just that, negative, or it could be refueling the metal from an overbought situation back in February. Silver is pretty self-explanatory. It is either … Continue reading NFTRH; Daily Futures Charts of Gold, Silver, Copper & USD
Subtitled: Stick to the markets stock boy! In response to a few emailers taking issue with my post about wearing masks here is my reply to a gentleman with whom I’ve corresponded in the past who pointed out that masks are not needed in anything other than close quartered conditions inside or in the case of age over 65, obesity and/or existing conditions. Again, I … Continue reading Finding Myself in the Mask Quagmire
