A while back we noted that machine tool sales were continuing to fade and that there was alarming news from my boots on the ground source in the industry centered…
SPX is at its MA 200. Time to bounce to keep this unpleasant chart from becoming ugly like the Dow.
Dow is around a short-term trend line but below lateral support. It can bounce but this has technical damage.
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 353. After this theoretical exercise we got down to nuts and bolts analysis, which…
Friday was a microcosm of the macrocosmic alignment that would need to be in place for a long-term bullish view of the gold sector. We update the precious metals and…
[edit] I guess I neglected to password protect this post. I have not taken this trade on a rather obvious topping pattern, but here it is publicly displayed and we'll…
In an update on Monday we noted the following using a weekly chart of HUI... Here is the blown up view (again, no pun intended) of weekly HUI. I have…
These range from suspect to outright ugly. Somebody had better start buying up Junk Bonds. Meanwhile, Treasuries are getting a bid and inflation is nowhere to be found. Goldilocks however,…
Well folks, they never make it easy do they? As of now the SOX is firm as apparently the Intel hype could not break the chart (though it did put…
Uncle Buck popped above key resistance at 98 the other day and unsurprisingly turned down. The thing is though, he made a higher high and at least theoretically keeps a…
The Semi's have led the broad market ever since 2012. That is not the be-all, end-all but it is notable. The market has other leaders now, like the speculative momentum…
The Semiconductor Equipment book-to-bill data are out and while June eased a bit it did nothing to cause any disturbance to Q2’s numbers. This means that through the April-June quarter the reported data of the 3 month averages remained strong. Bookings have however gone on a slight declining trend over the last 3 reports.
Today is the day that the Semiconductor Equipment book-to-bill data is due out and the SOX index is also at a decision point as to whether or not its market leadership will be maintained. So we are on the verge of finding out whether or not this has been a buying opportunity in the general Semi sector.
In yesterday's NFTRH 352 excerpt, we noted the 'gone viral' feel of the Jason Zweig WSJ bearish call last week. Thanks to the same reader who alerted me to the…
Here is the blown up view (again, no pun intended) of weekly HUI. I have added a downtrend channel (intersecting the 110 area, +/-) for a view of where a…