NFTRH+; a Sector Short for Consideration

XLB is just now ticking off of its all-time highs on the reflationary joy fest that has engaged this summer. In doing so it has left numerous gaps down below. Considering that the reflation is in at least some question (with copper, silver/gold, TSX-V strenuously overbought and at targets) and that I still have long positions, I thought it was a good time to try … Continue reading NFTRH+; a Sector Short for Consideration

coppertube

The Good Doctor’s Scrip is Not Yet Filled

Doctor Copper’s daily chart situation got pretty hysterical, all the way up to the round number resistance at $3/lb. As you can see on the weekly chart, that round number also includes several longer-term touch points of resistance. And the monthly chart gives perspective on the trend line that Doc has thus far failed to take out. As such, nothing has yet occurred that would … Continue reading The Good Doctor’s Scrip is Not Yet Filled

NFTRH+; Inflation Expectations

In looking at the chart of the ‘inflation expectations’ ETF (RINF, top panel) I notice its similarity to the the TIP/IEF ratio (middle panel) and dis-similarity to the TIP/TLT ratio (bottom). So I dug further and went to the St. Louis Fed’s website and pulled the 10yr Breakeven inflation rate, which not surprisingly looks a lot like the first two items on the chart above. … Continue reading NFTRH+; Inflation Expectations

AMD; NFTRH+ Nailed it and I Missed it

This NFTRH+ update (now public) showed the bullish Ascending Triangle in AMD and plotted a pullback buy point at the top of the triangle, which was hit yesterday. This Stock is Breaking Out From an Ascending Triangle Great! Except that I was so busy managing risk and making updates/notes yesterday I never took the time to comb my watch list closely and I completely missed … Continue reading AMD; NFTRH+ Nailed it and I Missed it

NFTRH+; Short-term Support Parameters for GDX & GDXJ

A subscriber asked how far I thought GDX and GDXJ might pull back. Well, assuming a pullback continues after yesterday’s gap fills I’ve marked up the short-term support levels at 39 (which would fill another gap) and 37, which is clear support. I am keeping a completely open mind about the sector because if the macro does go negative, gold stock fundamentals will be back … Continue reading NFTRH+; Short-term Support Parameters for GDX & GDXJ

NFTRH; On the Verge of a Macro Change, Say These Indicators

We are at the crossroads to the potential end of the reflationary relief trades that have been ongoing since March. These relief trades were led most intensely by the slingshot recovery in gold mining shares and also big Tech. Unless the Silver/Gold ratio is going to rip through our best upside target, which it hit yesterday, this could also be the beginning of a stress … Continue reading NFTRH; On the Verge of a Macro Change, Say These Indicators