NFTRH Interim Updates

NFTRH Interim Updates / NFTRH+

NFTRH+; BBRY

BBRY is a turnaround play, pure and simple.  John Chen is at the helm and has a tough job ahead of him in re-branding this company from device maker to ‘internet of things’ software developer.

(more…)

Comments Off on NFTRH+; BBRY
August 18, 2014
NFTRH Interim Updates

NFTRH; Silver’s Daily Chart Parameter

We’ll keep it simple in managing this morning’s decline.  The silver support zone has been 19.50 to 19.75 (chart from NFTRH 300 below).  The lower end of this range is getting tested this morning.  Any lower than that and the situation becomes abnormal to a short-term bottoming view.  A hold of that area ups the aggravation level but would probably be ultimately constructive.

(more…)

Comments Off on NFTRH; Silver’s Daily Chart Parameter
August 15, 2014
NFTRH Interim Updates

NFTRH; Gold Ratios & Implications

The real or asset adjusted price of gold continues to make positive progress in several areas.  Below we update gold ETF GLD vs. a few other asset classes, primarily commodities, which makes up the ‘real’ price of gold and the big picture macro plan per the top pane of this chart.  If Au-CCI remains strong, the S&P 500 (lower panel) would be expected to weaken again at some point.

(more…)

Comments Off on NFTRH; Gold Ratios & Implications
August 14, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; SPY Short Setup & Parameters

The market bounce is providing a potential opportunity for those who care to, to re-short.  As you may know I covered a short on SPY on the recent decline and have been looking to re-enter it.  The S&P 500 bounce target has been 1950 to 1960, but let’s refine the situation for the SPY.

(more…)

Comments Off on NFTRH+; SPY Short Setup & Parameters
August 12, 2014
NFTRH Interim Updates

NFTRH; HUI Weekly Chart Perspective

HUI continues to make good progress but until the red neckline is crossed it remains in the same positive, but unconfirmed stance with regard to a new rally leg.  The red dotted neckline is part of a downtrend channel just as the green dotted neckline is part of an uptrend channel.

(more…)

Comments Off on NFTRH; HUI Weekly Chart Perspective
August 8, 2014
NFTRH Interim Updates

NFTRH; GDX and GDXJ

While the two charts below do not technically show a correction that is over, I have released the remaining hedges I had (via DUST) and am planning to use cash levels for any remaining risk management.  This is just an FYI for anyone who is interested and I continue to suggest people go with the style they are most comfortable with, whether it be accumulate slowly on corrections, regulate cash levels, hedging or simply holding positions.

(more…)

Comments Off on NFTRH; GDX and GDXJ
August 6, 2014
NFTRH Interim Updates

NFTRH; Macro Review & Gold Stocks

The headlines are talking about markets being down on Fed rate policy fears due to employment cost increases, declining consumer confidence, Argentina this and European deflation that.  In other words, the headlines are coming out with reasons why a market that was heavy to begin with is down hard a day after the Fed rolled over and committed to its ongoing inflation.  They always need a story.

(more…)

Comments Off on NFTRH; Macro Review & Gold Stocks
July 31, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks.  Just a snapshot in time, picking up where we last left these charts a few weeks ago…

(more…)

Comments Off on NFTRH; Key ETF Charts
July 30, 2014
NFTRH Interim Updates

NFTRH; GDXJ, GDX & SIL Updated

Well they sure don’t make it easy to get a hard read on things in the very short-term, but one thing we should remember is that this correction is the last correction I expect before a consistent drive upward begins, assuming that either a hard rally or bull market are in the near future.  That is due to the symmetry of the weekly bottoming pattern, which will be reviewed in this weekend’s report.

(more…)

Comments Off on NFTRH; GDXJ, GDX & SIL Updated
July 25, 2014
NFTRH Interim Updates

NFTRH; Dialing in the Precious Metals

Finally, we have seen the obvious (what most people will now take note of) kickoff to a short-term correction in the precious metals.  Depending on the fundamental picture, we can plan on taking advantage of a buying opportunity as we have been noting over last couple of weeks.

(more…)

Comments Off on NFTRH; Dialing in the Precious Metals
July 25, 2014