Prologue: This is a bearish article written by someone who covered his short (bearish) positions today (except for the euro) and has only long positions
Category: Market Indicators
An Ongoing Negative Divergence for Stocks
The ratio of Junk to long-term Treasury bonds is an indicator of the will to speculate in financial markets. Is the large relative sell volume
Random Charts From NFTRH’s ‘Market Internals’ Segment
Participation from the S&P 500’s ‘equal weight’ components is thinning out markedly after putting on a mini-surge in June. That is in line with what
Would-be Top Caller Trumpets Again…
As more market segments weaken, including those not benefiting due to his unfulfilled promises, the Tweet machine at the White House continues to tempt the
Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride?
In line with our bullish forward view on USD, behold the very bearish state of the Commercial Hedger positions in the Euro (courtesy of Sentimentrader).
Uncle Buck to Ride w/ the Other Horseman?
This is the standard weekly chart of the USD index and USD vs. other currencies reviewed each week in NFTRH. We also use a daily
Gold/Silver Ratio: Everyone Out of the Pool?
Some people ride through corrections, others sell everything and still others do some form of mitigating and hedging. Regardless, the water in the pool has
Floating Path on CoT positioning
Once again I go fan boy and highlight another report from Floating Path. Having the economic and financial data that Nick aggregates in handy graphics
Are Stocks Undervalued vs. Gold or Simply on Their 1st Post-Bubble Bounce?
Doing the gold/currencies charts in the previous segment and reading Steve Saville’s piece called What is a Bull Market?, which compares gold and the S&P
A Look at the Silver/Gold Ratio, Inflation/Deflation and the Yield Curve
An email from a reader (of the eLetter, I think) calling me out on trying to make too many correlations in a dysfunctional market (I
XLY/XLP Ratio, an Important Alt. View
Recently we noted how the XLY/XLP ratio had broken upward from the dome to seemingly challenge the message of the 2003-2007 comparison to the current
Updating a Few Market Indicators
Some daily charts of market indicators that could come into play at any time. [edit] I forgot Staples vs. Discretionary; let’s pop it in here
One Indicator Pointing the Way Upward (for now, at least)
As noted in NFTRH 445, XLY (consumer discretionary) vs. XLP (consumer staples) has disregarded the 2007 memo and broken its dome upward. That is very
A Couple Gold Ratios and Their Messages
The Palladium-Gold ratio (weekly) has furthered the scenario that it could be starting a new ‘Chop & Grind’ phase like the one that preceded 2015’s
