NFTRH++ Wins Its First Trade

OKTA was sold for a solid profit right at the target illustrated by our future “trading signals” service

Hey, they assuredly are not all going to go this way, but I put the chart up and touted the future service well ahead of time and the sample trade worked well. Today it is closed out at a good profit after I stuck to the original goals of the trade.

Here is a reprint of the NFTRH++ intro page because they tell me I should advertise, market and promote. “They” are right. NFTRH is more than just a macro nerd, you know. This tier of service will expand on the trading signals end of things for ETFs and individual equities.

Coming soon: NFTRH++, a new tier to the NFTRH service

The NFTRH market service is a comprehensive weekly market report, NFTRH+ “in-week” updates on notable market moves and indications, and a Trade Log, with transaction information and associated notes. NFTRH++ will add a new tier as an add-on to the existing service.

The NFTRH++ add-on will primarily (but not exclusively) use daily charts and my relatively simple methods that have proven successful over the years, using Trends, Support, Resistance, Moving Averages and the associated Parameters, or TSRMAP.

It will primarily (but not exclusively) discuss ETFs. Here is a rough concept, with ETFs that will largely be permanent fixtures, updated whenever actionable signals come about, and equities included as prospective situations develop. A table similar to this one will accompany the updated charts of the ETFs/Equities in question.

The system de-emphasizes common TA gimmicks like Golden/Death Crosses (which often spring short-term moves in the opposite direction as implied), and trend lines (as opposed to trends measured by higher or lower highs/lows), all of which will break at some point. We will analyze chart patterns, but not as a priority, as patterns fail all too often. Trends, Support, Resistance and Moving Averages… along with Parameters to their viability are what work best.

This will not be a “day trading” service, looking to scalp a high volume of trades. It is more aligned with swing trading signals. NFTRH++ will chart sector ETFs and individual equities. Here is a random example using a stock I hold currently (as of 1.19.25):

OKTA (daily chart) broke out of its base, declined to test the base and the 50 day moving average, held there and turned back up again. There is a big gap above at clear resistance at 95. While the stock is currently trendless, if the fledgling break above the 200 day average holds, we will target that resistance. OKTA not being in an uptrend, profit can be realized at target rather than letting it run [Note: this an example of a trade that is in progress, as the optimal buy would have been the test of base support and SMA 50 at 79, which already occurred, with a “stop loss” parameter below 76].

[edit, 1.29.25] Here is the chart today, at target. ;-)

I began my investing/trading life as a TA guy. I loved charts, and still do. However, my market education compelled me to learn and incorporate more macro work, which defines the environment that stocks (and hence, their charts) exist within. If you combine the two disciplines, you greatly improve probabilities of success. For example, if a chart is looking good in a market or equity that exists within a constructive macro, that means much better chances of success than having one or the other conditions in place, rather than both.

The above is why NFTRH++ will be provided as an add-on to NFTRH only, not as a stand-alone product.

With more freedom of time anticipated in 2025 it is probably time to bring this new tier to NFTRH; a “trading signals” tier, including all tiers of the premium service, for probably something like an extra $10 a month (I have to think about that, but I want the cost difference to be moderate). It’s a rapidly developing idea, as I am a chartist and I see many chartists out there, advising followers of trade specs based only on what they see in their charts. I should at least add that as an aspect of what I do professionally, and as an optional layer of service for subscribers, if so inclined.

More to come.

Gary

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can easily subscribe by Credit Card or PayPal (see all info and options). Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar, or take it to another (intermediate) level with our free eLetter. Follow via X @NFTRHgt. Also, a new tier of service is coming soon, as NFTRH++ will offer technical trading signals. More info on NFTRH++ here.

Testimonials

Gary

NFTRH.com

This Post Has 5 Comments

  1. Marv

    Sounds interesting and exciting. Good luck.

  2. John

    Excellent trade. Congratulations. And best of luck with the NFTRH++

  3. Patrick Brennan

    Sounds like a plan. I’m in

  4. Bart

    Looks like silver has escape velocity here. Gary mentioned 32, and a weekly close above that bodes well.

    1. Gary

      Unless it’s some sort of Fed week machine mayhem, I agree. Interestingly, GDX is taking out its December high (equiv to Silver 32 +/- area) while HUI is testing its December high.

Comments are closed.