NFTRH Interim Updates

alice, nftrh
NFTRH Interim Updates

NFTRH; Gold Sector

Today we had the 2nd down day in a row until a reversal took hold.  As noted at the site I got lucky and covered the short against NUGT before this happened.  It was due to the old ‘don’t be greedy’ code and lots of unpleasant experience.  This after adding GDX yesterday, as noted in an earlier post.  I still think it would be for the best if GDX eventually works its way down to 16.50 to 17 (HUI 140) and the rolling MACD may imply this.  But there is a small support shelf here and if it holds there could yet be a new short-term high.  We’ll just have to wait and see what the market thinks.

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March 9, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; EEM/SPY Ratio Begs a Re-Think

As you may know, I have been bearish the Emerging Markets due to the big picture monthly chart breakdown by the MSCI EM index and iShares ETF.  But in pulling an EEM/SPY chart I found this bottomy looking thing…

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March 9, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; Multi Market Update

Stock Markets

US stock markets probed a bit further into the resistance (and if current analysis is correct, topping) zone equivalent to SPX 2000-2030 yesterday, closing at a new recovery high.

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March 8, 2016
nftrh plus
NFTRH Interim Updates / NFTRH+

NFTRH+; Energy Sector Short and Long-term Views Updated

Updating the short and long-term views of XLE and sending to the entire list as it is a sector of interest to so many economies and markets and thus, of macro concern.

XLE Daily broke above the key resistance level yesterday and assuming we have a weekly close above it tomorrow, that is now support.  Indeed, it is tentative support now but I kept it red to play devil’s advocate.  A reasonable measurement from the pattern is 64-65.  That is for the traders among us.

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March 3, 2016
nftrh plus
NFTRH Interim Updates / NFTRH+

NFTRH+; SAND

As you may know, I have a friend in junior mining analyst ‘Otto Rock’ from IKN.  As is noted each week on the last page of NFTRH reports, I recommend his work because it is put forth honestly and he calls it like it is, whether that makes him look good or not.  Point being, I trust the guy as a nugget of gold among the lumps of coal that make up the gold stock analyst community.

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March 3, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; Precious Metals ‘in-day’ Charts

Understand that in-day moves can also be whipsaws, so take them for what they are; current views and not a daily or weekly close, which are firmer.

GLD is breaking the Triangle.  If this is successful, the next stop might be 1308 for gold per this morning’s update.

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March 3, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; Stock Market & Gold Sector

We will cover the wider spectrum in the weekly reports, but here I want to boil it down to the US stock market and the gold sector and keep it simple, as we are currently managing opposing views in these two items.

S&P 500:  Bearish but on a bounce, as anticipated.

Gold sector:  Bullish and so far resisting taking any sort of substantial pullback.

SPX finally turned the resistance at 1947 (middle point of the ‘W’) to support and now proceeds on its way toward target (2000 +/-, expanded to 2030).

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March 3, 2016
nftrh plus
NFTRH Interim Updates / NFTRH+

NFTRH+; Crude Oil & Energy

As you know, we have the energy sector (XLE) as an ongoing situation from both long-term (monthly view, for investors) and short-term (daily, for traders). Crude Oil fund USO is…

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March 1, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH; US Stock Market

From Monday's pre-market update... "Based on this morning’s futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the…

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February 24, 2016
alice, nftrh
NFTRH Interim Updates

NFTRH Update; Gold, Gold Stocks and Energy

From yesterday's update: "As for gold, it is ready for a correction (with silver even more so) when viewing the CoT data, sentiment backdrops and over bought status and technical…

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February 23, 2016