NFTRH+; this sector is bottoming; 5 individual stock charts

The US Cannabis MSO sector has bottomed for an interim low at least. Last year I entered too soon and stuck with it too long (as politicians sit on their ample behinds with respect to Federal legalization). Well, it’s another year and it’s a potential bottom in place. However, the sector is starting to get overbought in its bear market rally. Reviewing a leader, GTBIF, … Continue reading NFTRH+; this sector is bottoming; 5 individual stock charts

NFTRH+; a viable HUI target [w/ edit]

[edit] The scenario noted below obviously depends on HUI losing the neckline, which it is thus far holding as S/T support today. The target does not activate until/unless HUI takes out the neckline. Keep in mind that this is just a man staring at charts and advising potentials. There are other potentials in play, including a full out crash. But here we find daily HUI … Continue reading NFTRH+; a viable HUI target [w/ edit]

NFTRH+; after the Powell noise here’s what to watch

Jerome Powell was trotted out to the media and said exactly what anyone paying attention to market signals knew he’d say. The Fed is still in inflation fighting mode in order to try to kill the thing it created, a big inflation problem that is hampering the economy and threatening to go or already having gone stag. Slight inflation pressure easing aside, they are not … Continue reading NFTRH+; after the Powell noise here’s what to watch

NFTRH+; another clear signal

Yesterday we noted the bullish moves in USD and the Gold/Silver ratio, giving a clear and negative macro signal. Today, insofar as certain/many asset markets have been ‘anti’ yields in 2022, another negative is long-term yields (30yr in this case) breaking upward from a daily chart pattern first noted in an August 10th update, as the yield was being led by the KBE/SPY ratio. Here … Continue reading NFTRH+; another clear signal

NFTRH+; a clear macro signal

If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying. But this set of indicators, the Gold/Silver ratio (GSR) combined with the US dollar index, beg a cautious stance on the inflated macro, including – if history is a guide – on gold stocks (which … Continue reading NFTRH+; a clear macro signal

NFTRH+; words (and charts/graphs) on gold/miners

While gold stock macro fundamentals remain a work in progress (in need of a reversal back to bearish in stocks and a continuation of gold’s recent moves vs. commodities) gold stocks (HUI) have been on a most labored attempt to bounce with risk ‘on’ markets. Frankly, I still think Huey wants to tap the SMA 50 and/or one of the resistance levels above it, but … Continue reading NFTRH+; words (and charts/graphs) on gold/miners

NFTRH+; a very clear setup

It’s the final stages of the originally planned summer rally window from July potentially into September. It is the final stages because the current plan will either play out with a bear market failure or the plan will be proven wrong if the bulls are able to break the bear’s downtrend. As already noted, speaking as a perhaps over-thinking human, I feel like the bear … Continue reading NFTRH+; a very clear setup

NFTRH+; Potential shift in play

The theme was begun yesterday as we looked at the banks and long-term yields, questioning whether or not long-term yields have already pulled back enough to spur a bounce. As of today that still looks very possible. As noted in the trade log, I added TBT as a way to play that possibility. Today’s update noted the Energy sector breaking upward. The charts are the … Continue reading NFTRH+; Potential shift in play

NFTRH+; this sector is recovering

The Energy sector is recovering and that can be considered a rhyme with the state of Bank leadership and long-term yields as noted in yesterday’s update. It’s another ‘reflation’ sector. XOP is ticking a new recovery high. XLE is taking back the SMA 50. USO is in a ‘W’ bounce pattern. UNG held the SMA 50 and turned up, negating the immediate double top prospect … Continue reading NFTRH+; this sector is recovering

NFTRH+; we should watch this ratio

The ratio of Banks to the broad market (daily chart) is a leading indicator to the reflationary aspects of the markets. In particular, the ratio should lead or go in alignment with long-term yields. On the daily chart view KBE/SPY (top) led the topping of the 30yr yield by over 3 months as it topped in February and the yield topped in June. The ratio … Continue reading NFTRH+; we should watch this ratio

NFTRH+; eliminating this concern?

‘Eliminating’ is a strong word, but if the Gold/Silver ratio (GSR) is breaking down from its recent hold of the SMA 50 and upturn, then it would be beneficial to still-recovering global asset markets in the near-term. The concern as expressed in NFTRH 717 was that the GSR had held the SMA 50 and turned back up while its fellow liquidity destroyer, the US dollar … Continue reading NFTRH+; eliminating this concern?