NFTRH 769
Notes From the Rabbit Hole, #769 Summary US Stock Market (as per last week): While late stage rotations appear to be in play Semi & big Tech leadership held and…
July Payrolls came in light, Hazel attempts to frown but her grotesque smile still lurks beneath The estimate by economists for July payrolls was +200,000. It came in light. So…
I have a hunch that the USD question (bounce turning into a real bear trap and rally or imminent failure?) may get some solid evidence tomorrow morning when July Payrolls…
The very fact that I am producing my Men Who Stare At Charts shtick means that I am practicing "pattern recognition", staring a would-be pattern that could be a Head…
[edit] I am doing some selling, regardless of what USD is doing. If items held start to look suspect in their own right, or do not fit the balance I…
As originally anticipated could happen (ref. July 19 video update, regarding the initial clear resistance/breakdown area): "USD can break through it, test the SMA 50 and still remain in a…
Arista Networks Stock (ANET) takes off in after-hours Per Friday's Trade Log after I'd already added the drop in ANET and upon seeing it drop more: Not sure what is…
[edit] I added WEAT after hours, after writing the update. As I started taking a look into the Agricultural sector to see who is leading and who is dragging (GKX…
I joked about Perma-bear Peter Schiff doomsaying the stock market in an earlier post, but a commenter noted that renowned bear Tim Knight (Slope of Hope) was giving up the…
Well, the answer is that the nice neat resistance of the breakdown was not going to hold on the bounce. As suspected in the July 19 video update, USD/DXY now…
On the technical side, GDX is doing nothing we did not discuss in the video update on July 19. It is getting a good disturbance during FOMC week, as anticipated.…
Peter Schiff rings alarm bells, sets an important contrary indication for a stock market blow off into ending stages Ole' Perma-Peter is at it again, as is the mainstream financial…
The US dollar index (DXY) has halted where it 'should' have on the bounce into FOMC [edit] In the time it took to write this post Uncle Buck held the…