NFTRH; Market View One Trading Day Later

Friday felt strange, as I tried to point out in NFTRH 623. Normally, a news-driven market holds an efficacy of a day or so. I hate to give in to news-driven markets and normally I’d have been stubbornly bullish in the face of negative news. But something felt heavy on Friday. Well, it turns out that it indeed appears to have been back to business … Continue reading NFTRH; Market View One Trading Day Later

NFTRH+; US Dollar Daily Technical Status

A quick snapshot of the live DXY chart. The bounce halted at the first resistance level, defined as the March low. It has now flagged down to key short-term support. From here it looks like it will either resume its counter-trend rally (RSI looks primed for that after pulling back to its EMA 20) or fail. If it bounces anew the objective would be the … Continue reading NFTRH+; US Dollar Daily Technical Status

AI Chips: What They Are and Why They Matter

In a nod to the Trump administration, on which I am often very hard, I now understand why they would seek to impair parts of the US Semiconductor Equipment industry in the name of greater national interest. I bought Equipment company LRCX on the tank job that followed this news: I was going to write a typical Trump-dismissive post about this a couple weeks ago … Continue reading AI Chips: What They Are and Why They Matter

“Our Great USA Wants and Needs Stimulus”

Pardon me sir, but if the USA is so great why on earth does it need artificially concocted greatness in the form of money printing (about which you harangued the Fed Chief for months before COVID-19 came about) and fiscal giveaways? A great USA should have had seed corn in the form of savings to fall back on. That lack of seed corn is not … Continue reading “Our Great USA Wants and Needs Stimulus”

There Goes the Long Bond’s Yield

I can’t shake the feeling that we are at a meaningful juncture, as the yield on the 30yr Treasury bond continues to bounce. It’s still a daily chart downtrend, but it has had a bullish flavor for a while now. But I am waiting for indicators like the KBE (Banks)/SPY (SPX) ratio to confirm. This morning, the Pigs continue to be locked down relative to … Continue reading There Goes the Long Bond’s Yield