HUI is on the bear flag plan after failing to rise above the SMA 50 and S/T lateral resistance. The best technical target continues to be around the SMA 200 at 280 (+/-). That would represent a test of the major uptrend and is a normal 38% Fib retrace. An extreme situation could bring a test of the pattern top and 50% Fib at around … Continue reading NFTRH+; Huey’s Bear Flag/Targets Updated
Calling all nerds; which means day traders, casino gamblers, fundamental ideologues, ego junkies, momentum chasers and worst of all, Men Who Stare at [nominal] stock and index Charts exclusively (as if they hold secret messages about coming events) need not apply. Why, it’s another of those busy macro charts telling its story. If you’re not paying attention to the market backdrop throughout the various cycles … Continue reading Calling All Nerds: Build Your Road Maps
Who’d have thought that an African gold miner named after a sweet Italian liqueur* would be doing this (+12% today) during a correction for the gold stock sector? Per the Trade Log and NFTRH reports I bought GAU at the noted support area before it broke the wedge, with the expectation that it could have a bit lower to go. Well, today’s activity (and mystery … Continue reading Galiano Gold Gets the Spelling of its Name Wrong, Direction of its Stock Right
A couple days ago we asked the question in light of rising long-term yields, a steepening yield curve and the ongoing reflation operations by policymakers. Today the Regional Banks appear to be in receipt of the memo. So are the larger Pigs, as they take out the 200 day moving averages. And the KBE/SPY ratio is ticking a new bounce high. So far, so good … Continue reading Pigs Take Flight
Way back in 2004 (boy, how the years fly by) I wrote this article, one of first few I’d written. Deflation: A Manufacturer’s View I was not the market nerd then that I am now. But I was very interested, coming at it from a global macro standpoint, given that running a small company (from which I moved on in 2012) demanded I be aware … Continue reading Central Banks Don’t Understand “the Way the World Works”
Now that this clown has been debunked as a scam promoter… …and this subsequent negative promotion has also run its course… …we can get down to evaluating a settled down Crypto market. Actually, at the request of a subscriber NFTRH has been charting BTC/USD every single week and on occasion GBTC, for many months now. BTC/USD is doing this today in service to an eventual … Continue reading Bitcoin is Dead?
Well, Daniela is a relatively pretty face who’s gotten a new gig at Stansberry, simply doing what her new bosses tell her to do. But the guy on the right is one of those perma-doomers and/or goldbugs <while J.R. may be be a nice guy you can insert here the laundry list of other creeps, some of whom I have known in the past and … Continue reading Behold the Faces of Dogma
Long-term yields are up again this morning. We have noted that to be in line with an ongoing inflation/reflation bounce, most recently yesterday. Also reference Friday’s Copper/Gold Ratio Would Change the Macro The Silver/Gold ratio is still bouncing from the sharp drop in late September. The US dollar is tanking again, which puts me on the verge of covering the Euro short hedge (EUO). Importantly … Continue reading NFTRH+; Positive Inflationary & Global Economic Signaling by This Indicator
The long bond’s yield is now above the daily SMA 200. The 10yr is right behind it, also in a constructive stance to have made its lows. The 10yr-2yr yield spread is steepening. The 30yr-5yr is as well. If the inflation>reflation trades are going to succeed (and some of them are looking good right now) rising long-term yields are likely part of the play (unless … Continue reading Time for Pigs to Fly?
Live 20 minutes before the US market close gold futures are maintaining the support hold vs. the S&P 500. Until this ratio gets over the moving averages I’ll have a level of caution on it, but the possibility that the false breakdown was the low is still in play. Gold/SPX is a key macro indicator and it is also a key indicator for the gold … Continue reading NFTRH+; Live Snapshot of This Key Macro (& Gold Stock) Indicator
As you may know I took on the EUO Euro short again yesterday in order to hedge a potential US dollar bounce. A new leg up in USD would impair or pressure precious metals, stocks and commodities to varying degrees. Aside from my positions in precious metals, stocks and commodities I also consider it a hedge to the long positions in GBTC (Bitcoin tracker). So … Continue reading NFTRH+; Watching EUR/USD
MarketWatch is here to inform you that it’s as simple as this; get a financial adviser. The No. 1 difference between millionaire investors and the rest of us You see, if your financial adviser is like the one I used to have long ago (ex-brother-in-law) she will just take the nod from the Federal Reserve, not try to strategize the market and carry the mantra … Continue reading The #1 Difference Between Millionaire Investors and the Rest of Us
US markets are testing the short-term support zones as illustrated in NFTRH 625. SPX is settling into the first projected support zone at the EMA 20 and just above the rising SMA 50. It’s almost as if the market looked for and found an excuse (du jour in the media) to drop to and test this level yesterday. NDX dumped to its EMA 20 as … Continue reading NFTRH+; US Stock Market (daily TA)
A snapshot of the daily chart status on the precious metals and their key ratio. Gold continues to hold the small uptrend channel but will not get out of jail until it crosses and holds the SMA 50. It still has its nose poked out of the downtrend consolidation line, so that’s a positive. I don’t love RSI as it grinds its 20 day EMA. … Continue reading NFTRH+; Gold, Silver & Gold/Silver Ratio