War is inflamed again and oil is up again. Nothing has changed on the 'prices' front for the American consumer. But since when would that play into a market paint…
As you know, there is a lot of talk out there about the severe negative breadth divergences by the broad market to the headline SPX. These are in the form…
The Treasury has held auctions for long-term Treasury bonds this week. Those are the bond durations that have been the most problematic for the economy and for macro signaling. Strong…
The precious metals led the bearishness, as they often do. It's interesting, although not yet overly significant, that gold stocks are green (along with my software stuff) while other aspects…
While the Silver/Gold ratio has not yet triggered the all-clear for a widespread commodity trade, or the mythical commodity 'super-cycle', we have noted that individual commodities will rise and fall…
We know that for the last couple of weeks SOX is leading NDX and NDX is leading SPX. The market leadership chain is intact and bullish. But not for everybody.…
US Stock Market This morning war is in the headlines again, yields and oil are up again, and the beat goes on. It almost seems scripted with the normal seasonal…
The subscriber daily blog includes a chart of GDX with a note that I am watching the bull flag that is not yet broken to the upside. Here let's take…
The post-FOMC plan has been for an engineered macro to support a market rally into/through the November mid-term elections. Assuming that engineering is successful. This morning in pre-market it's all…
In NFTRH 932, we reviewed CME projections at 87% for a .25% rate hike tomorrow. Today CME sits at nearly 93%. However, there are other factors involved that I want…
2026 has been a year for the ages, where looking inside the market is concerned. The internals have shifted often, and that is evidenced by the way some segments/sectors corrected…
The HUI chart (previous update) does not show gaps or volume. The GDX chart does. As yet, GDX volume is not showing much conviction. Although the price is pointing upward.…
Here is yesterday's first entry in the subscriber blog: You win some (timing a buy on MAIFF/MAI.V) and lose some (my hedges, which have gone from solid paper profits to…
For the benefit of subscribers who do not follow the in-day/week blog, * I clipped one of today's entries because it potentially has macro relevance. More to come, likely in…