Folks, the market is over loved, unhealthy and... still bullish. As long as that is the case we must accept it. When the technicals turn, so will we. In that…
Understand that these are just two stocks (without highly liquid volumes) that I am interested in for my own reasons and there is a market full of others out there. So these are not recommendations but rather, examples of charts that I look for at year end.
OncoMed (OMED) is held in the IRA as a sort of lottery ticket speculation. I bought it a few weeks ago at just above 19, rode it up and am riding it back down currently. While I sold several other items on the market bounce, I decided to keep this one because little has changed since it was driven to the 40’s last year by a news release that I considered fundamentally valid (for a very speculative specialty pharma/biotech stock that is).
Hurco was mentioned in NFTRH 315 as a potential bear opportunity after an expected year-end bump in US machine tool sales. This general plan of course assumes a rising US…
The October market decline started with the Semi's (well, after the Small Caps, which had been diverging for months) and the bounce back has been furious. So now it is…
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’).
A return to a previous NFTRH+ highlight for base metals enthusiasts for simple little trade.
Today may or may not be the bounce that was expected off of the bearish developments last week. If so, or in the event such a bounce materializes this week I wanted to put some parameters down on the QQQ.
Commodities of all kinds have been degrading for months now, as we have noted all along. At some point there is going to be a counter trend bounce. A couple weeks ago we noted that the price of u3o8 was going one way (up) and the ETF (URA) the other (down). That has not changed.
Silicon Image (SIMG) is another Semiconductor company (HD & Mobile HD connectivity) that has been working its way up from a basing pattern. It is another you may have noticed among my holdings (Roth IRA) as I bought it based on the look of the basing pattern, not the breakout above resistance, which just happened yesterday. NFTRH+ focuses on real events, not hope-for events.
Mellanox is an Israel based (US Headquarters in Sunnyvale, CA) Semiconductor company that you may have seen sitting in the brokerage account. I bought it because it was making what looked like its second bull flag at around 41. It has tested my patience, but has been firming lately.
Well after getting on the Russia theme this morning, I took a look at Russia’s Google wannabe Yandex and liked the chart. Considering its relative value (though certainly not a value, being an internet stock) has been hammered down due to the recent geopolitical headlines. There is a technical setup here.
Since we routinely cover the emerging markets and also their ratio to the US stock market, I thought I would update some notable changes.
This one is cut and dry technically. Europe has been bouncing as expected and is apparently overjoyed about some Ukraine-Russia talks. Backing out the hype what we have here is a hard down in an ETF that lost its uptrend and the 50/200 day moving averages. It is now bouncing right back to them.
Folks, being a long standing gold bull on the big picture it is a little weird for me to do this. But NFTRH+ is a service that focuses on technical trading and GLD/Gold are in a bearish setup. Hence, it is noted for those interested.