NFTRH+; 2 more gaps
Yesterday SPX filled the gap we've had on radar for months. But there is another daily gap at 3330. Now that a bear market is likely in progress we can't…
Yesterday SPX filled the gap we've had on radar for months. But there is another daily gap at 3330. Now that a bear market is likely in progress we can't…
CAD and AUD are each at important support vs. the US dollar index There are just too many important support touch points on CAD/USD for this not to be a…
Just an FYI companion to the general market relief bounce theme. USD is is the counter-party to bearish markets and is still at the long-term resistance zone. Doesn't need to…
Just an FYI that SPX has joined its fellows NDX & SOX in filling its daily chart gap we've had on radar for the last several months. What comes of…
Yield curve steepening, but there's more to the story The yield curve can steepen under inflationary pressure (e.g. 2020) or deflationary pressure (e.g. 2008). The most recent steepener was inflationary.…
A few inflation unfriendly pictures while everyone huddles on that side of the boat I don't know. Maybe they've obsoleted contrarian theory. Cancel culture and all. But just in case…
In NFTRH 704 we reviewed the shortest end, where the 2 year Treasury yield is nearing its decision point, whereby a continued rise in yields would indicate a bear market…
It's a bear market in stocks. Captain Obvious speaks. But there are potentials within that. Potential for a dispiriting crash, potential for a confounding rally and potential for a moderate…
Copper and copper miners breaking bad I looked at FCX and thought about buying it as it got dropped to a higher low at the SMA 200. Today it has…
Yield curve steepens again, under inflationary pressure Look, if we are going to kill the hysteria of the day it is not going to be killed in a day. It…
April Payrolls increase by 428,000 You can get all the details of yet another strong BLS report by clicking the blurb: Drilling into it we find Leisure and Hospitality leading…
The 30yr Treasury yield takes center stage as inflation data come in With next week's inflation data orgy we may find out if this chart is truly on its way…
ISM hints at forward deceleration Uncle Buck As a former manufacturing guy I am well aware of how monetary policy and the state of the US dollar affects US manufacturers.…
With CME, you and me all expecting .5% hike that's a given. The wording will be interesting, but we all know the bond market is forcing them to do what…