It appears another FOMC was used as a reason to bull the markets (on hopes about a softening Fed) and then drop the markets (on dashed hopes). Gotta love those…
Rightly or wrongly, I have been keeping myself from buying Energy stocks over the last several weeks even though XLE is in a pure daily chart uptrend. XLE is as…
The gold price is up this morning as FOMC prepares to deliver its latest rate hike as it fights the last war. Below are the daily technicals, to be considered…
You may recall that I (NFTRH) had a great investment in the former Great Bear Resources and Great Bear Royalties, both of which have since been bought out (by Kinross…
Back to the daily chart of USD (DXY), note the potential for a downtrend channel to be forming off of the latest drop as it tries to muster a bounce.…
USD (DXY) is cracking the SMA 50 today after making a lower high and a short-term double top. As noted previously, the next objective is the 108 area. This could…
A couple of HUI ratio charts of note. HUI/Gold (GLD) ratio continues to hold up, T-minus 1 week to FOMC. HUI/SPX ratio holds up as well. With increasing signs of…
USD (DXY) has pulled back to the SMA 50 (110.71), which is the first important area to watch, with short-term lateral support (110.25) just below it. USD is in an…
Gold (daily) has barely bounced (although gold stocks have been trending up vs. gold for nearly 2 months now) and is trending down and locked below resistance. The weekly chart…
A snapshot of the 10-2yr yield curve this morning as long-term rates appear to be blowing off to the upside and short-term rates drop. In other words, bonds are getting…
The little bout of positivity in the inflation markets is enough to get me questioning my short position in DBC. Here is a chart of RINF (inflation expectations), as posted…
I added back Biotech related DVAX yesterday, noting a short-term bottoming pattern (trade log): "As for the chart, the daily has a little hint of a short-term bottoming pattern if…
The downside target for SPX has been 3200 +/-. It closed at 3678 yesterday after a bounce. This morning the futures (ES) are up 2.22%. Could the bullish plan, as…
A short 'FYI' update on USD (DXY). To review, in September USD halted at the resistance cluster from 2000-2002. It held support at 110, bounced to test the previous high…