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NFTRH Interim Updates

NFTRH; Key ETF Charts

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.

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October 22, 2014
NFTRH Interim Updates

NFTRH; Gold (GLD)

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…

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October 21, 2014
Notable Public Posts

Negative Feedback

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…

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October 18, 2014
NFTRH Interim Updates

NFTRH; SPY, QQQ & IWM

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.

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October 17, 2014
Federal Reserve / Notable Public Posts

Yellen Greatly Concerned About Inequality

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.

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October 17, 2014
NFTRH Interim Updates

NFTRH; Near Term Market Plan

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.

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October 16, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; L/T Treasury Yield Setup

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’).

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October 16, 2014
NFTRH Interim Updates

NFTRH; A Casual Conversation

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?’…

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October 16, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

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.

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October 15, 2014
NFTRH Interim Updates

NFTRH; USD & Gold Mining Funda’s

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!

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October 14, 2014
NFTRH Interim Updates

NFTRH; US Stock Market Road Map

Now that the Dow has joined nearly everything else in marking a lower low to the August low and the sentiment backdrop is getting very bearish (per October’s reputation), a reversal can come at any time.  Yesterday, as the market was positive we NFTRH+’d* a bear trade setup on QQQ, but the market reversed downward again.  The parameters in that update still apply on any coming bounce.

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October 14, 2014