The ratio of the Banks (KBE) to SPX (SPY) is breaking bullish I don’t care what you find out there on Twitter or the gold websites, the fundamentals for gold have been bad for 1.5 years now and that goes double for the miners. People who listen to smart people with dumb information get what they get. Even after the Fed’s little spook fest this … Continue reading Pigs re-taking the lead…
A few indicators to view the market situation internally as the Fed minutes hysteria fades. Junk bonds are grappling to hold the moving averages and have not broken down. Meanwhile, Junk/Treasury and Junk/Investment Grade are not signaling an impending market liquidity/risk ‘off’ crisis. We have for many months been tracking the negative breadth divergence of the equal weight SPX vs. the headline SPX. That finally … Continue reading NFTRH+; a peek beneath the market’s surface
Well, the knee jerk about what everybody already knew (generally speaking about the Fed’s taper/tightening cycle) continues. And now with Treasury yields still ramping, barring a fantastical reversal of the futures it looks like short-term support levels may start breaking in Tech stocks, and gold is getting hammered. Silver too. Tech stocks have the trend and can drop a good bit and still maintain major … Continue reading NFTRH; Market Update
