Frankly, the more unwieldy this hyper frenetic market gets, the less inclination I have to do NFTRH+ updates, because the volatility has a funny way of breaking charts (with associated…
Per the regular update this morning, the EMA 10 (2056) was noted as key resistance on the S&P 500. Translating that to a bear trade on the SPY, we find…
You may have noticed old friend SIMO back in the Roth IRA per NFTRH 319. That was me in essence jumping the gun just a bit on its chart. Silicon…
In light of the dynamics in play in the interest rate market, one might want to watch a sector that favors rising interest rates (the Banks, given ZIRP at the Fed’s discount window) vs. rising yields out along the curve. Even though the curve is dropping, if we assume that banks are funded near 0% their lending out across the curve would have a profit motive.
A snapshot of current daily technicals…
GLD is just above very tentative support. Does not mean much however, until it closes above the SMA 50.
That way I could apply for my Guru card and that rarefied club might finally accept me! 2 Days ago NFTRH+ made a post on Intel (now public), referencing a…
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.