Indicators and policymakers are on the same page The market is in tune if you can tune out the crazy goings on in AMC, GME, etc. I don’t know why, but that stuff seems scary and even has the attention of the White House. End times? Well if not, we are simply 100% on plan and part of that plan has to do with long-term … Continue reading The Market is Playing In Tune
Thing 1 (USD) looks a lot like Thing 2 (Gold/Silver ratio), and the 2 riders would bring death and destruction to the macro party if they were to rally Here is a daily chart of the US dollar fund UUP along with its fellow would-be destroyer of the macro, the Gold/Silver ratio (shown here as GLD/SLV). As yet the two horsemen are each locked below … Continue reading What Thing Looks Like the Other Thing?
In true testament to the idea that a TA can make a chart say whatever she wants it to say, let’s put aside for a moment the H&S pattern (ref. weekly chart in previous update) and re-draw the daily with the post-July downtrend defined by a trend channel. Suddenly there is confluence between the channel bottom and the lateral support zone. Just an FYI and … Continue reading NFTRH+; HUI Daily Chart, Another Interpretation
Another HUI micromanagement update. HUI daily is losing the pattern neckline in-day. It can hold the breakdown or it can head fake reverse back upward. I does not matter to me at this point. I’d prefer a breakdown to finish cleaning the bugs out, but that is the market’s decision. HUI weekly shows the situation as nothing worse than on track to our original target … Continue reading NFTRH+; HUI Daily, Weekly & Monthly
The lynchpin to the global speculation orgy has merely bounced to its down trending SMA 50, but that has been enough to pressure global markets far and wide. As yet, it’s not a big deal. USD (daily) is trending down and locked below resistance. If that changes well, the view will change. But that’s the up to the minute situation. On the big picture monthly … Continue reading Uncle Buck, Live