The subtitle for this update could be called ‘Default to Cash’ (D2C), which is exactly the sentiment that has been repeated for much of 2015 as the market jigsaws up and down, trying to slice everybody up.
The US dollar is bouncing from the 94+/- support zone. I do not have a read yet on whether it will continue to bounce to heavy resistance or drop further into support in the short-term. Yesterday’s post gave some perspective on this.
The USD is bouncing from the projected support area around 94. Further, some economic data came in firm this week and ISM was stable, with its exports component bouncing solidly. That was in keeping with the weakening dollar easing the pressure as a rising dollar had increased it. Continued firm data could attend an expected bounce in USD.
Ref. a public post about the $RUT this morning. It showed support after a wedge breakdown. RUT is losing that support so far today.
I already own LSG, so please consider that I am talking my book. It has been noted that NFTRH+ updates need technical parameters and gold miner Lakeshore Gold has that,…
By way of Robert Prechter's Elliott Wave Theorist, which itself presented the following by way of Peter Eliades, comes this analysis of the S&P 500 from a time-cycles perspective. The…
My phase of time stresses as noted in NFTRH 340's opening segment is kicking in a bit, but darned if I will miss the notable things like HUI below. So…
The weekly chart of the Biotech index kept us on a bullish orientation in the market, frankly for longer than I wanted to have that orientation. Today, the BTK is…
Here is the USD, losing the 50 day moving average. This is another marker along the way that keeps the correction target of 94 open.
Well, here comes old friend Silicon Motion back down to earth. Apparently news of an acquisition has induced profit taking in this quality Fabless Semiconductor company based in Taiwan. Due…
You may have noticed this one show up in my brokerage account back in March. It was sold for a profit and put on watch. I buy and sell things for different reasons, but NFTRH+ needs technical setups and now SLCA has one, although it was originally brought to my attention by a subscriber who is very fundamentals-oriented, FWIW. If interested in that side of things, take a look and consider it along with the technical situation.
Preamble
The Semi Equipment sector gave the signal in January 2013 that manufacturing was likely to sure up and then, the economy and employment. Hence, it makes sense to continue watching the Semi’s for clues about the economy going forward.
Personally, I am leaning slightly toward bearish on the stock market, but the Biotech sector has been going to its own beat. Taken in a vacuum, Gilead has an interesting…
A quick visual for anyone interested in the Wild Wild West of Canadian speculation, AKA the TSX Venture exchange. The chart is self-explanatory. A break of current resistance would target…