NFTRH Interim Updates

NFTRH Interim Updates

NFTRH; Gold Funda’s & More TA

Bloomberg headline:

Jobless Claims Drop as US Consumers Gain Confidence

Economic deceleration is sure not on the front burner.  Yet the US continues to try to inflate, as does a good portion of the developed world.  Questions include… will we get rising inflation concerns and will this inflation and precious metals bounce foretell economic drudgery (or worse) to come?  In 2000 when the great stock bull blew out and the gold bull began, things were about as good as they get for the economy.

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June 19, 2014
NFTRH Interim Updates

NFTRH; Precious Metals

Silver is continuing its breakout on the weekly chart (ref. the comparison to the CCI index in 2013).  Silver vs. gold is continuing upward (a good sector leadership indication) but is getting very over bought now (traders be aware).  Gold is breaking through its 50 and 200 day moving averages and approaching the key ’round number’ resistance around 1300 that we have been noting.

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June 19, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Control4 (CTRL)

Within the context of a potential market blow off scenario that Fed policy seems bent on instigating, we continue to look for candidates that have not yet moved aggressively.  On that note, CTRL, which can claim some of the ‘Internet of Things’ hype (iOt, another hype flavor added to last year’s 3D Printing/Additive Manufacturing?) in the home automation space.

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June 19, 2014
NFTRH Interim Updates

NFTRH; Iraq, the New Ukraine?

From Bloomberg:

“U.S. stocks retreated, with the Standard & Poor’s 500 Index falling a third day, as airline stocks tumbled after escalating violence in Iraq pushed oil prices higher while data on retail sales and jobs missed estimates.”

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June 12, 2014
NFTRH Interim Updates

NFTRH; GDX Weekly Chart Status, Targets & Resistance

GDX is reviewed from a bigger picture weekly view after holding its ‘HUI 205’ parameter of 22 as support.  This is defined as the bottom of a theoretical right side shoulder to a long potential Inverted Head & Shoulders bottoming pattern that is now about a year old.

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June 12, 2014
NFTRH Interim Updates

NFTRH; GDXJ vs. GDX

A picture of GDXJ vs. GDX to go with this morning's ETF update. GDXJ leads the rallies and in breaking above the moving averages yesterday and today, it is leading…

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June 11, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.

GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity.  The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.

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June 11, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; LSCC Big Picture View

Similarly (to the INTC idea), a smaller yet high quality Semiconductor company is LSCC.  It has a valuation that is ahead of most, due to its quality status and solid…

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June 4, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; INTC Big Picture

I remind you that any NFTRH+ trades are your responsibility solely and these trades may not be revisited any time soon if at all.  They are simply ideas for you…

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June 4, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.

GLD has lost support after spilling out of the Symmetrical Triangle.  Last week it was at the 62% Fib retrace and this week that is in the rear view window.  Still bearish.

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June 4, 2014
NFTRH Interim Updates

NFTRH; HUI Daily Chart & More

This chart shows HUI dropping through the 205 parameter today.  While it is technically at support (and getting sufficiently over sold) as you know, without fundamental incentive, I am not near the view I had in Q4 2008 (buy!).  No way, no how.  Not without a fundamental case that is engaged and measurable.  This update then is simply a technical status check on HUI for those interested.

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May 28, 2014