NFTRH 314 was mailed to subscribers earlier today. It was another quality report. I define quality in this context as something that helps me keep perspective on complex systems that…
After one of my cynical posts finger pointing at a Fed talking head (in this case Janet Yellen) and answering her absolutely flawed rationalizations for the masses line by line,…
Turning to one of our leaders, I wanted to show the Russell 2000 from weekly and daily views.
A snapshot of current technicals…
GLD climbed above the June low but is still considered at resistance below the SMA 50. Also note GLD remains in a down trend (series of lower highs and lower lows) which would not be broken until a rise above the July high around 129.
A snapshot on gold... We noted the May/June low as the key resistance point for gold and today it is popping above that point, with a 50+ (but not over…
DOW has reached initial resistance with bounce target #1 about 100 points higher.
Here is some feedback a republished post of mine (Market Summary; Saturday Morning Cartoons) got at a leading gold website from a reader. "The other support has been the very…
This is probably of more concern to traders, so it could be considered an NFTRH+ update as well for people who want to plot levels to take a shot shorting. But for everyone’s reference I want to put up another view of the upside retrace potentials using Fibonacci retracement levels, now that the bounce is confirmed to be in progress and we can gauge an actual low to measure from.
So am I and so are most decent people. So bravo Janet, you are a decent person. You are greatly concerned about inequality in this richest nation on earth.
Yellen says she’s ‘greatly’ concerned by rising inequality
Now let’s work the details…
“It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” Yellen said in a speech to a conference on inequality sponsored by the Boston Fed.
It is also no secret that manipulating short-term interest rates toward zero kills regular peoples’ ability to save. It creates and furthers a wealthy investor class directly at the expense of the public, who have traditionally been savers.
Allow me to share with you some crude artwork to illustrate the rough path most likely for US stock markets in the coming weeks through year end. I thought a simple cartoon might suit our needs nicely. The black lines are what have been, up to today. The blue is how this type of correction might typically unfold.
In a volatile environment perhaps a good way for many people to go (other than the #1 option, cash) is trading the indicators and indexes, a opposed to individual stocks. In that regard, I think that long-term T bonds are getting over done on the upside (R.I.P. ‘Great Rotation’).
Usually interim updates are all business, talking about changes in indicators or technical analysis or parameters. Well, this market is getting beyond the black and white and bears some discussion, from one market participant to another. So pretending that you casually asked me ‘hey pal, what do you think about the markets?’…
A snapshot of key ETF’s…
GLD has bounced a good way toward the key resistance noted previously, which is the June low. This level is a very key decision point, because gold remains bearish below that level.
As crude oil continues down today we are presented with a perfect opportunity to review why gold mining fundamentals can IMPROVE in a rising US dollar atmosphere. So many people run the equation through their heads: USD Strong = Run Away!