NFTRH+; A miner forms a pattern at support

I’ll preface this by reaffirming that I for one have no clue if the sector correction is ending or if this is still a bounce only. Since the sector’s technicals have generally not eliminated the ‘bounce only’ theme that is the theme I am staying with. But when we get a day like today, a hint toward further cooling of the spring’s inflation hysteria, I … Continue reading NFTRH+; A miner forms a pattern at support

Gold/CRB ratio; where is the risk and where is the reward?

Gold/CRB ratio indicates a positive risk vs. reward for gold over commodities Most of the 2020 risk in Gold/CRB has been bled out over the last year. Sure, the ratio can continue to drop but that thing in 2020 was epic and unsustainable and so, in my opinion, may be this thing in 2021. As a side note and in highly technical terms, move your … Continue reading Gold/CRB ratio; where is the risk and where is the reward?

Palladium is the new lumber, it’s Commodity Whack-a-Mole

Palladium is another headline commodity in crash mode. This is the Whack-a-Mole market brought to you by the Federal Reserve’s regime of Inflation onDemand. One gets smashed down, another pops its head up. Hedgies and machines rove the commodity patch pumping one (e.g. Uranium, although if a trusted source is correct there’s manipulation in there by our friends up north, Sprott) and dumping another, PGMs … Continue reading Palladium is the new lumber, it’s Commodity Whack-a-Mole

NFTRH+; macro signal engaging?

Long-term Treasury bond fund TLT is on an attempted breakout of its own. Ref. the previous update showing the Energy sector trying to do something similar. It’s a super interesting but frustrating market at the moment because these two are antithetical to each other. i.e. if TLT breaks out XLE should fail along with other inflation/reflation trades, at least temporarily. A breakout in TLT (and … Continue reading NFTRH+; macro signal engaging?

NFTRH+; This sector attempts to break out

The Energy sector ETF is attempting to take the SMA 50 and the neckline to a pattern today. If this is successful a healthy RSI and positively diverging MACD could guide XLE to reestablishing its uptrend. It held the major uptrend at the SMA 200 and taking out the SMA 50 could reestablish the shorter-term uptrend as well. I am going to watch XLE and … Continue reading NFTRH+; This sector attempts to break out

CPI: Fed-obsessed Kabuki Dance cools

CPI comes in cooler, market cheers… So CPI is cool enough to settle the nerves of Fed-obsessed casino patrons and machines alike. Consumer prices post smaller than expected increase in August “Federal Reserve officials have been watching inflation closely but have largely said they believe this year’s burst will be temporary and due to factors that will soon fade. They cite supply chain bottlenecks, shortages … Continue reading CPI: Fed-obsessed Kabuki Dance cools