Junk is breaking down. Junk vs. Treasury and Investment Grade is weakening today, not furthering yesterday's upside momentum. The above show a chink in the armor of the risk 'on'…
We have belabored yields and yield curves (and TIP-TLT / 10yr Breakevens for that matter) and the signs have been inflationary. Today with the broad futures up once again, we…
The market pulled the ole' whipsaw on those thinking that Trump would tank the markets or that he was somehow good for gold. I don't really understand the logic of…
As thoughts settle and details surface about the implications of an insurgent US presidency, we can talk about fundamental changes to come for the markets. But for now our job…
We have been noting the relatively bullish look of the Transports (and the Airlines) in weekly reports and yesterday Tranny broke upward, only to be reversed today. I saw the…
A quick snapshot of the US, Japan, Europe and China. From this week's report: "SPX can bounce to the 2120-2140 area, which is thick resistance." Well, here we are. As…
As you know, we follow the Medical Device iShares (IHI) on a weekly basis and have noted its over bought status for some time now. Not so anymore. Apparently, the…
A very simple update. As I was planning to cover some US market shorts (cover SPY and sell the SPXS bear fund) I also looked to increase exposure elsewhere. I…
A nice bounce for the precious metals sectors today. Key word is "bounce", as we have been noting. This is setting up a selling opportunity for those who traded the…
SPX continues to lurk in what looks like a bear flag in preparation for more testing of the thick support zone. Europe is dealing with resistance in the form of…
We have been noting that crude oil is in a bullish looking pattern, but right up against resistance. Here is a clearer view of that situation. Resistance (red line) is…
A look ahead of sorts on Goldman Sachs, which has broken above resistance. GS was a bearish highlight nearly a year ago due to it's H&S top and loss of…
In line with the scenario that sees greatly reduced risk in the precious metals sector and the bounce (at least) scenario we are currently managing, I thought I'd pop up…
As noted in NFTRH 417's simple Precious Metals segment, we'll reserve some details for in-week management of the gold sector, especially regarding gold stocks and HUI's shorter-term situation. There is…