On 9/24 using the daily chart below we noted… “A simple chart showing HUI in lock down below former support, now resistance. It’s bouncing today but that means little until/unless Huey can take back 325 and hold above it.” And so today here is HUI 326. It’s not conclusive, but it’s doing what would be a first step to recovery in tentatively taking 325 in-day. … Continue reading NFTRH+; HUI Daily Chart Status
Not often do I like to micro-manage indicators as if to give them more importance than they deserve. But this one is different. The Gold/SPX ratio continues to hold the rising SMA 200 on the daily chart. It’s a must for the positive gold sector view to continue. The weekly chart lends perspective, showing that the area of the SMA 200 above is also clear … Continue reading NFTRH+; an Update on ‘THE’ Ratio
Per the NFTRH Trade Log last Thursday: “I just took all profits on what were by far my largest positions, Euro short EUO.” Why? Because the profits were there. Why? Because I went through a lot of grinding for that eventual profit on an indirect portfolio hedge. Why? Because it was a proxy for an expected bounce in the US dollar and USD is still … Continue reading US Dollar
