We have long discussed waiting waiting and waiting some more… for an opportunity to buy this sector on price destruction while at the same time its fundamentals are improving. I want to pop up a few charts showing the sector and macro fundamentals.
Let’s preface by noting that like Europe, a trade or investment in China should be backed by one’s own research and opinion as NFTRH+ updates do not tend to include my opinions about the stock or asset class in question. They are simply technical setups on areas that appear to be of interest at a given time.
Could this be the end of the consolidation phase? If so, things are changing on the macro, right here in the dead of summer. The thing bounced back in March…
NFTRH+ posts are not calls to action; they are ideas for careful consideration to go along with your own research and views. In this case that goes double, as the Greece/Euro drama plays out well for our projected trade in HEDJ. But there is no need to jump on it right away; not with herds falling all over themselves to get back out after taking the bullish promotions in the spring.
Uncle Buck is doing his best to not only keep the intermediate correction scenario in question, but also break its parameters. So far Unc has gotten above the MA 50…
Using some ETF's we note that the headline indexes are not looking good in the US. DIA looks like its bounce could be a bear flag on declining volume. Key…
Click the graphic for the full BLS report...
With USD at the 50 day averages at yesterday’s close…
and the UUP ETF breaking through it today…
Beginning with our oft-watched Machine Tools sales graph, we find that May did not include any sort of post-harsh winter bounce in sales. Nor did the multi-industry reading do well. …
The summer correction came and it lasted exactly one day!
Well, that is hyperbole because what really happened was that a market that was sagging and losing momentum was shoved downward in one great, noise-filled plunge as some indexes reached initial support targets that we were noting.
Folks, it is just one indicator and we should not promote one item as if it has mystical powers above all others (it is part of a concert with its…
Gold vs. Silver is up but still in consolidation longer-term. It must turn down here or there will be concerns for many markets. Which would add to the concerns already…
From the nicely redesigned MacroTrends website, a look at long-term, inflation adjusted gold and silver. FWIW...
Just carrying on the current themes within the current trends. A report that breaks no real new ground but updates the whole enchilada, keeping us on track. I am satisfied…