A few items jumping out at me, post-Fed. HUI is moving to its next resistance parameter, which is the declining SMA 200. That was a very valid bounce target. If…
Last week we noted XLE's attempt to break above the SMA 50. In NFTRH 457 we noted its unsurprising failure. Today I want to look closer, starting with the daily…
A few weeks ago we laid out parameters by which the rally would be defined as a bounce vs. a bull phase. Let's update the sector's technical status. Below are…
Normally I would not micro manage a fledgling trend line break like this, but I know a lot of subscribers are interested in the Energy sector, so here it is.…
US Stock Market The US market seems to be following a code that goes something like this... "If things are questionable... buy Facebook! Buy Amazon! Buy Netflix! Buy Google!" In…
A reminder that on the average of the last 30 years the late July → early August seasonal has been bear biased. Here is the note (and graphs) from NFTRH…
Short-term contrarian sentiment has improved this week. With the ongoing consolidation in stocks (red arrow), the dumb money has dropped and the smart money has popped. This is of minor…
With all due notice that the market is in a long-term uptrend and remains bullish, the Nasdaq 100 (QQQ) continues to look vulnerable to short-term correction as we noted in…
This is not a pleasing short-term picture for Semiconductor and Technology bulls. Since these are leaders, it is not a pleasing picture for the broad market either. After making a…
Just because I was reading SEMI and had a George Gilder flashback, circa 1998... Consumer to Industrial Data Explosion Hits Supply Chain Humor aside, it got me looking at some…
If we back out what we think we may know about the markets and the Semi sector and just look at one stock in a vacuum we see that SIMO…
A general review of precious metals, US, European and 'All-World' Stocks and commodities. Although gold ticked a tiny 'higher high' we leaned toward it being a double top with short-term…
Reinforcing a theme we have been on, the Fed raised the Funds Rate (FFR) yesterday and it is clear that Republican fiscal policy will have to replace the previous 'lay…
Well, the Fed's rate hike was all but a given until this morning's data dump, tamping down inflation expectations even further. CPI continues to wane and Retail sales are the…