NFTRH+; On This FOMC Day…
This FOMC day feels different than those we've had all year as the Fed leaned into its dovish stance with the diminishing of inflation signals and oh yes, the oncoming…
This FOMC day feels different than those we've had all year as the Fed leaned into its dovish stance with the diminishing of inflation signals and oh yes, the oncoming…
The Fed Funds Rate is being guided down by the 3mo. T-bill yield, while the 2yr yield rises CME wiseguys are 95% sure of a .25% Fed Funds rate cut…
As a companion update to yesterday's look at the GDX seasonal (on average, positive in December since 2015) let's also look at the gold and silver seasonals, along with public…
The gold stock seasonal average is positive in December Of course, any given year can deviate. But this cool tool I just found with TradingView charts just idiot proofs the…
Tech is lurching back toward market leadership with MSFT and GOOGL bullish, along with many others Back on October 28th NFTRH+ noted that the Cloud ETF, CLOU, was in a…
NFTRH 840 Summary US Stock Market: SPX target is 6180. No change. SPX rolled over a bit last week within its bullish trend and Tech and Semi used some happy…
As nominal yields resume rising, the signal is an inflationary yield curve steepener just lately, but not necessarily going forward As for the dominant theme of the yield curve steepener…
The gold stock sector has been getting the cleaning it needed. Thus far it has been a routine correction. But if GDX is in an A-B-C pattern, it could become…
Silver price Head & Shoulders pattern overtakes the Cup & Handle pattern in the near-term 'probabilities' sweepstakes The man stared... ...at his daily chart of silver and saw a bearish…
GDX has filled its first gap, and another lurks just below The Gold Miners ETF, GDX, has filled the upper gap and the next one lurks lower. From an NFTRH+…
The US dollar index (DXY) is still in consolidation Along with other indicator related considerations like the Gold/Silver ratio (GSR), the US dollar index (DXY) is likely to inform the…
Yesterday was an upside whipsaw that I did not take the bait on and chase. It broke through resistance, tapped the underside of the 50 day average and now is…
I have drawn another version of the USD bull flag on the daily chart. It is in the form of downtrend channel (parallel black dotted lines) that could become the…
The 10yr-2yr yield curve remains on its new steepener The macro is grinding along, subject to daily noise that drives nominal yields up or down (today's noise du jour is…