A commitment has come up this weekend that will only allow me the time to review key points in NFTRH 354. What a great opportunity to put more detail than usual in an update [edit: this has turned out to be NFTRH 354, with a PDF update to be mailed on Sunday].
[edit] I guess I neglected to password protect this post. I have not taken this trade on a rather obvious topping pattern, but here it is publicly displayed and we'll…
In an update on Monday we noted the following using a weekly chart of HUI... Here is the blown up view (again, no pun intended) of weekly HUI. I have…
The Semiconductor Equipment book-to-bill data are out and while June eased a bit it did nothing to cause any disturbance to Q2’s numbers. This means that through the April-June quarter the reported data of the 3 month averages remained strong. Bookings have however gone on a slight declining trend over the last 3 reports.
Today is the day that the Semiconductor Equipment book-to-bill data is due out and the SOX index is also at a decision point as to whether or not its market leadership will be maintained. So we are on the verge of finding out whether or not this has been a buying opportunity in the general Semi sector.
Here is the blown up view (again, no pun intended) of weekly HUI. I have added a downtrend channel (intersecting the 110 area, +/-) for a view of where a…
Folks, as if it was preordained gold got blown up in pre-US trading this morning as the media are absolutely blaring all kinds of stupid things for lowly gold bugs to endure and for gold bug haters to chest thump about. This is market sentiment and psychology on full display. We are robots, not sentimental humans.
I found an interesting daily chart pattern in a former holding, Myriad Genetics (MYGN). I have not done a lick of DD fundamentally so there is one significant disclaimer for…
Volatility. It is what we expected and it is what we have with Tuesday’s big down and upward reversal, down hard again yesterday and today very green in pre-market. This volatility applies to most assets markets including the precious metals. It is the nature of the beast during a news-rich summer, with many operators on vacation or semi-vacation (with some players not able to resist peeking?).
We have long discussed waiting waiting and waiting some more… for an opportunity to buy this sector on price destruction while at the same time its fundamentals are improving. I want to pop up a few charts showing the sector and macro fundamentals.
Let’s preface by noting that like Europe, a trade or investment in China should be backed by one’s own research and opinion as NFTRH+ updates do not tend to include my opinions about the stock or asset class in question. They are simply technical setups on areas that appear to be of interest at a given time.
NFTRH+ posts are not calls to action; they are ideas for careful consideration to go along with your own research and views. In this case that goes double, as the Greece/Euro drama plays out well for our projected trade in HEDJ. But there is no need to jump on it right away; not with herds falling all over themselves to get back out after taking the bullish promotions in the spring.
Using some ETF's we note that the headline indexes are not looking good in the US. DIA looks like its bounce could be a bear flag on declining volume. Key…
With USD at the 50 day averages at yesterday’s close…
and the UUP ETF breaking through it today…