Copper & IM vs. Gold

Here is a weekly chart from NFTRH's Market Internals segment showing Copper and Industrial Metals vs. Gold. In other words, showing cyclical metals vs. the metal of relative counter-cyclicality. The…

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Remember Michael Pollaro and TMS?

Michael Pollaro used to have a blog at Forbes with which he highlighted the 'True (Austrian-based) Money Supply' (TMS) among other macro market indicators. I used to read him fairly…

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Bear Killer?

This chart of the Equity Put/Call ratio is a regular feature of NFTRH's Market Sentiment segment. It's really a bit of a dullard as sentiment indicators go as others are…

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Gold vs…

This is not gold buggery. These are market indicators to be used in gauging which way the cyclical winds are blowing. Here is a snapshot of gold vs. some other…

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10-2 Yield Curve Not Steepening But 30-5 is…

Everybody (including me) is watching the 10-2 yield curve. While the media and mainstream analysts make a big deal about its proximity to inversion that is not the important point.…

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Who’s Leading You Astray?

From NFTRH 537's Market Internals segment... "Who's leading you astray, nominal Junk or its hidden bearish indicators?" Junk has since made a new high. Whee, party on Garth! Junk/Investment Grade…

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Gold vs…

Daily charts of Gold vs... Gold vs. SPX Gold vs. ACWX Gold vs. GYX Gold vs. CRB Gold vs. WTIC Gold vs. UDN (global currency proxy) And as a wild…

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Silver/Gold Ratio: Rubber… Meet Road

A self-explanatory daily chart of silver/gold (SLV/GLD). One of our 'inflation trade' signalers is approaching daily chart resistance while still in its downtrend. Break through and hold and the trade…

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Cyclical Assets vs. Gold

In January of 2018 we noted a cyclical leader (Semiconductor Fab Equipment) in trouble: Semi Canary Still Chirping, But He's Gonna Croak in 2018. We also ran a series of…

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vs. SPY

A few interesting pictures 'vs. SPY'... Gold miners have risen vs. SPY since early September. Treasury bonds, hated by absolutely everybody (except maybe readers of this website) in September have…

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2 Bearish Indicators

I think that I think the stock market can continue to bounce here, but 2 (among several others) internals indicators remain bearish. The Transports are negative today, in an intermediate…

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