Ref. the June 17 update showing the ratio of the TSX-V to the TSX in a Diamond formation from which it would soon break one way or the other. Today it chose that direction. From that update (still applies): On the weekly view [chart not included in this update] we can see that a breakdown that loses support would really hurt the case for a … Continue reading NFTRH+; This Indicator Chose its Direction
I am taking a profit on half of my position in STAA, which has grown too large. It’s only good practice, as it is at the measured target from the noted support area. But it sucks too because it’s in a taxable account and I’d rather it had been a long-term thing. I’ll try to hold the rest indefinitely, pending the market. From NFTRH 608: … Continue reading STAA: 45% Profit Taken on 1/2 Position
The pattern just cracks me up every time I look at it. So sleepy, so content, so cute. I just want to tickle its chinny chin chin. Today at least, it looks like it was not unwarranted calm, but instead it looks like content, sleepy old gold knew all along that the post-March consolidation was a pleasant, if necessary affair to offload unhealthy patrons who … Continue reading Gold Puts on a Happy Face
GDX is threatening to break the pattern today. It has taken out the trend line and a clear of point 2 could set it on its way. We’ve been noting the relatively better standing of GDXJ (to GDX) and today it is clearly making the move that would indicate another leg up. Now, it’s only 20 minutes into a new week and we can’t discount … Continue reading NFTRH+; GDX & GDXJ
After being asked on Twitter for thoughts on the article linked below… The two main things I remember about King World News are that its interviewer has a voice that is remarkably similar to Dennis Miller’s and that the headlines and articles over there scare the crap out of people. It is not only the major media that harvest eyeballs. This Collapse Will Be A … Continue reading KWN: Still Harvesting Fearful Eyeballs
