From NFTRH 628: Ma & Pa got a little peppy even before the late week bull fest. Maybe an eventual spike to 2 could be a warning sign. Well, Ma & Pa registered a spike to significantly over bullish yesterday after the COVID-19 vaccine hype. Sentiment-wise this is a negative, pure and simple. There are more elements to the market than sentiment, but AAII was … Continue reading NFTRH+; Ma & Pa Give a Signal
Back on August 26 I asked Am I Topping? Thankfully so far, the answer is yes, but… that top was the prelude to an equal parts boring and aggravating consolidation as opposed to a hard top. Frankly, if I had not held the gold miners I decided to hold despite the obvious correction I’d be at new highs due to significant participation in other areas. … Continue reading I Was Topping… and Consolidating
From Sentimentrader (which I recommend for anyone who wants to keep closer tabs on market sentiment and some Quant-like data) comes this interesting study on the gold miners. The number of GDM/GDX components above their 200 day moving averages just dropped to the lowest level since the spring. It did that immediately prior to the March crash as well after a shorter period. But that … Continue reading NFTRH; A Breadth (and Seasonal) Study on the Gold Miners
No it isn’t. The promoters of the next inflation problem are hard at work and one month’s twitch in a southerly direction will only serve to keep them hard at work. By whatever means they measure the concept known as “inflation”, it faded a bit in October. Annual inflation rate in the US fell to 1.2% in October of 2020 from 1.4% in the previous … Continue reading Inflation is Falling!
