NFTRH+; USD (DXY) & GSR status [w/ edit]

Today I added another EUO position, which is in essence my strong dollar position [edit: also added strong dollar fund UUP in after-hours]. The reason being that USD (DXY) is taking another shot at the neckline (ref. the potential inverted H&S we’ve noted in NFTRH 662 & 663). The futures chart shows the objectives should USD take out the blue dashed neckline and the March … Continue reading NFTRH+; USD (DXY) & GSR status [w/ edit]

NFTRH+; Inflation

Well, inflationary signals are back on to varying degrees, if not the reflation trades across the board. The inflation rate continued to climb in June. This as our indicators had been fading into the summer cool down as expected. Today a Fed head is out talking about bond purchase tapering, the US dollar is resuming its rally and inflation indicators are popping upward. The 30yr … Continue reading NFTRH+; Inflation

NFTRH+; HUI daily chart, updated (and some thoughts)

A simple update of HUI’s daily chart. Why do I stay on top of this lowly sector? Because when the macro turns it will be special once again. With the macro bullish but at high risk I want to be on top of all themes, both cyclical and counter-cyclical. It can get tiresome, but the work has to be done consistently. Preamble aside, HUI is … Continue reading NFTRH+; HUI daily chart, updated (and some thoughts)