It is in-day, and this market just loves whipsawing everyone. So the caveat is that it could easily close back within the parameters we had set out. But as of…
Major US stock indexes are still in the patterns we noted over the weekend and the Transports not only remain below resistance, but broke down further. The Russell sported a…
For those taking the ride, here is the bounce status of GDX, GDXJ, GLD and SLV using daily charts and some macro charts as well. When managing a bounce within…
I continue to believe the semiconductor sector is setting up to disappoint those who buy it as a momentum-based market leader. That is due to fundamentals we discussed previously. As…
While it seems to take forever for the S&P 500 to choose a plan (correction/bear market or resumed bull) some behind the scenes discussion can be helpful. The market seems…
In an NFTRH update we reviewed the newly negative Semiconductor Equipment sector book-to-bill data. After seeing that I checked with a former associate of mine to see what is happening…
This '+' update is being sent to the entire list because it has macro market elements in it pertaining to the Biotech sector and its leadership vs. Nasdaq 100. The…
We noted last week that a bounce was possible in the precious metals due to over sold conditions. Then this week we reviewed a repaired gold CoT status (with silver…
The latest SEMI data are out for October and the ratio of bookings to billings has contracted for the first time in 4 months. In the past during other b2b…
2080 it is, as the gap fills. That was our upper target per this daily chart. I have started to reestablish short positions. The balance of evidence still points to…
Yesterday we planned out the first short-term target on SPX as the area surrounding 2060, which had been bounce resistance in October and is so again. Let's expand 'surrounding 2060'…
The first bounce has arrived above the 1980 to 2000 support area. 2020 is a former minor resistance area so it too is a minor support area. While I'd expect…
From an update 3 days ago... "Think of the 60 minute as the ignition, but the daily would drive the bus to Correction City..." The 60 min. chart did its…
A quick view of what is happening with our short-term 60 min. chart. SPX bounced to test the broken moving averages and failed in a classic manner. Now comes the…