NFTRH+; Huey’s Bear Flag/Targets Updated

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: Build Your Road Maps

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

Galiano Gold Gets the Spelling of its Name Wrong, Direction of its Stock Right

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

Pigs Take Flight

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

fomc

Central Banks Don’t Understand “the Way the World Works”

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”

Bitcoin is Dead?

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?

NFTRH+; Positive Inflationary & Global Economic Signaling by This Indicator

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

NFTRH+; Live Snapshot of This Key Macro (& Gold Stock) Indicator

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

The #1 Difference Between Millionaire Investors and the Rest of Us

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

NFTRH+; Gold, Silver & Gold/Silver Ratio

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