I have been catching up with what went on in the last hour of the regular market session (while I was out) and I just saw a news item claiming that the markets reversed on COVID-19 fears and renewed US shutdowns due to rising cases. Okay fine, VIX and other sentiment indicators covered in NFTRH 611 certainly were not standing in the way of a … Continue reading NFTRH+; Final Update (I promise!)
Please excuse the crudity of the title, but it’s how I see things at the moment. I wish I’d seen and considered the VIX signaling a little sooner and had time to do more cash raising before I had to leave my office (I’d done a fair bit while markets were positive and more at the end of day), but that’s the markets. The point … Continue reading NFTRH; The Turd Floats to the Surface
It feels great out there. Everything is working and we are all geniuses. Except for one issue. VIX is holding support and the SMA 200. …and the divergence to inverse SPX is regenerating. If we are going to note the happy stuff we are sure going to also note the concerning stuff. This is concerning stuff (in my opinion) for the bull case. Continue reading NFTRH+; The Turd in the Punch Bowl
Silver is right at the next resistance level we have been noting and that resistance is not very stern. The weekly chart shows it to be but a quick little spike. The gateway is of course the 2016 high of 21.23, by which we would define a cyclical bull market (and target the 24-26 long-term resistance area). Continue reading NFTRH+; Last Obstacle Before the Gateway
This morning the Silver/Gold ratio is ticking a new high. I have a shtick called the 3 Metallic Amigos, where Gold, Silver and Copper give different indications on the macro backdrop. Well, now we have 3 new Amigos as well and they would indicate positive, inflationary/reflationary macro if they go bullish. They are the TSX-V (JX, CDNX), Copper and the Silver/Gold ratio (SGR). We’ve been … Continue reading NFTRH; Look Who’s Joining the Party
