PLL thinks it’s a Semiconductor stock

Man stares at PLL chart… Lithium prospect Piedmont Lithium (PLL) sports… …a similar bullish pattern to the broad Semi sector (and several of its components). Both recently used the SMA 50 as support for the latest upturn. This is a post making no conclusion other than man stares at chart of PLL (wishing he owned it) and realizing he’s seen this elsewhere. For “best of … Continue reading PLL thinks it’s a Semiconductor stock

EUR/USD… want to see something gross?

Well, here it is. EUR/USD is pretty gross A drop below the SMA 200 and lateral support, now turning to resistance as a bear flag curls down from it. Not good until/unless it claws back above the SMA 200. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates … Continue reading EUR/USD… want to see something gross?

A Crispy profit (fully baked)

CRSP provides a profit at anticipated resistance Why again does it pay to not be a one-way gold bug? Why again does it pay to watch and respect macro signals (structural, longer-term and interim)? Because it’s the market and it pays to follow its actual signals as opposed to its fantasized or imagined ones. From this morning’s NFTRH Trade Log: “Taking my 28% on CRSP, … Continue reading A Crispy profit (fully baked)

NFTRH 661, Out Now

We’re back to full length, which is in this case is 56 pages of analysis, evaluation, speculation and a central question about the macro markets. Stock charts galore, to boot. A very helpful chunk of work to do, speaking personally. I feel ready for this week, the summer and beyond because I have an understanding of a game plan. For “best of breed” top down … Continue reading NFTRH 661, Out Now

Updating the Gold Mining Fundamental Macrocosm

Gold miners require a unique macro-economic backdrop When gold stock bulls complain about a “smack down”, a “hit” or a “smash” against the poor gold stock sector what they should be thinking about is what a relatively small market the gold stock universe is compared to the multitude of galaxies populated by cyclical and risk on stocks and commodities and the massive bond market. The … Continue reading Updating the Gold Mining Fundamental Macrocosm

Society of the Spectacle, on full display this morning…

It’s an O/T post that is the product of my morning spent catching up on some news and accidentally running into a couple of sensational stories. Maybe I will write a market post later. Like maybe something on gold stocks, gold bugs interwoven with some psychology, which is always fun for me. Or maybe I’ll write about the actual – as opposed to widely promoted … Continue reading Society of the Spectacle, on full display this morning…

NFTRH+; Updating a ‘reflation’ market

Let’s take a look at the headline industrial metal, copper. After a fake below the most recent bull flag/correction channel it has popped back into the flag. Key resistance to the bounce will be at the SMA 50 (4.47), which includes short-term lateral resistance (not drawn in). The larger macro fundamentals (let’s visualize just one of several indicators, the 30yr yield Continuum that we have … Continue reading NFTRH+; Updating a ‘reflation’ market

Rotation to Growth & Tech as illustrated by ROKU (w/ NFTRH 660 excerpt)

Market has been rotating back to growth from value and reflation-sensitive areas It was all about long-term interest rates and the beginnings of the at least temporary failure of the inflation/reflation trades. Over the last several weeks I’ve been rotating in anticipation (with the biggest rotation being into cash), holding some big Tech and a few growth stocks like ROKU. If you look hard enough … Continue reading Rotation to Growth & Tech as illustrated by ROKU (w/ NFTRH 660 excerpt)

Bitcoin H&S now active, for the moment at least…

The would-be Head & Shoulders top and its “sub-zero” theoretical implication for Bitcoin are active as the price ticks below the neckline The daily chart of BTC/USD is creeping below the neckline today. If that holds (it’s probably an at least temporary fake out) then the drive to sub-zero is on (going strictly by technical measurement, if not reality). What a potential disaster this could … Continue reading Bitcoin H&S now active, for the moment at least…

NFTRH+; Target for the anti-market, USD

The spring/summer inflation cool down always was going to bring a bounce in the US dollar, AKA the global anti-market or counter-party to the big inflation/reflation trades that everybody came to KNOW were bullish in March. It appears to be a short covering rally, but I think its power will persist beyond the after effects of the June FOMC. Importantly, the daily chart shows that … Continue reading NFTRH+; Target for the anti-market, USD