Silver CoT Improvement
Frankly, I need a graphic version of the report to really get an idea of the trend, but Silver's Commitments of Traders took a lurch in the right direction as…
Frankly, I need a graphic version of the report to really get an idea of the trend, but Silver's Commitments of Traders took a lurch in the right direction as…
From yesterday's post, with regard to the 10yr-2yr spread... "When it drops while yields rise a normal or at least sedate situation is indicated, as inflation is rising but to…
[edit] the post started as a simple thing and ended after getting way too involved. so much the better... An update of the situation on the Banks, the anti-Banks (gold)…
Courtesy of FloatingPath.com, below are some items within the disappointing April Factory Orders report. It is notable that April was the month that USD made its secondary 'lower high' top. …
The target on this counter-trend rally was 97. USD climbed above it, tried to establish support at the MA 50, and then failed today, I guess with the weak factory…
The Emerging Markets (EM) have been weak over the last month as the USD made a recovery rally. Today USD index is making a drop below the 50 day moving averages and the upside target of 97 we had noted (currently at 96.20).
This brings into focus the prospect of a ‘C’ leg of an A-B-C rally in commodities that was reviewed in NFTRH 345 and also the prospect of the EM fund EEM maintaining its series of higher highs and higher lows.
All in all a decent ISM RoB report for May. This is in line with the excellent Semiconductor Equipment sector April b2b we noted in NFTRH 244. Notable items are…
US markets opened strongly in the green and reversed downward amidst an already suspect general technical status. A ‘pop and drop’ reversal is usually not a good thing, but it is early in the day.
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management…
NFTRH 345 continues recent themes, which are mixed signals in US markets (some leaders look bullish and several indexes, the opposite), global markets (targets set for European correction) and of…
While much of the world sets a course to go bust for growth (R. Rajan's speech to the Econ. Club of NY, PDF) the Swiss changed course to start the…
This post means absolutely nothing other than to note that the May gaps have filled on GLD and SLV. This after the CoT's degraded, with silver's CoT looking deplorable as…
NFTRH has been talking about a 'trade the swings' mentality on the US stock market since probably last September or so. The swings have been routine, if very pronounced. So…
Daily USD (live chart from Investing.com) has broken above the resistance area (which included the MA 50) and is turning it to tentative support. What will be important to determine…