Gold/SPX Ratio; Gold Bugs Avert Eyes

The hard crack in the precious metals came last week Of course it did! Gold, guns and ammo, right? Man those Unabomber shacks! Domestic terror struck the land and as if by magic, gold got creamed. You note the sarcasm and that is because gold was obviously ganged up upon by some ‘they’ out there. All markets are manip’d and gold probably more than most. … Continue reading Gold/SPX Ratio; Gold Bugs Avert Eyes

A Look at Sentiment Risk

The stock market’s sentiment profile is not at all good In NFTRH we use these charts along with Sentimentrader (primarily, e.g. graphic above) and Yardeni to routinely track the sentiment profile of the stock market. For much of 2020, we had to remain bullish (technicals and trends) while having to make peace with an over-bullish sentiment risk profile. It’s a mental exercise, to say the … Continue reading A Look at Sentiment Risk

NFTRH+; Updating the HUI 15 min. View

While the daily chart situation shown in the previous update is still the same, the 15 min. chart, which we viewed on Monday, is still working to try to mitigate the daily bear flag. Step 1 for that was to hold the noted support. So far, after a downside drop and reversal, it’s on task. These 15 min. in-day views can be very noisy. So … Continue reading NFTRH+; Updating the HUI 15 min. View

NFTRH+; HUI Daily Chart Status [w/ edit]

[edit] To clear any confusion, Target #2 is the 260 +/- zone we’ve discussed for several months. Drawn in detail here, it is the noted support zone, biased to the (-) end of the +/-.  Stripping out all the noise of the HUI daily chart we have used to manage the correction to this point, let’s simply note that technically speaking, with the drop below … Continue reading NFTRH+; HUI Daily Chart Status [w/ edit]