Bullish Flags
Several of the smaller gold stocks I follow are making similar patterns by daily charts. They are shown below for your review. We have been viewing the correction as still…
Several of the smaller gold stocks I follow are making similar patterns by daily charts. They are shown below for your review. We have been viewing the correction as still…
As we have been noting, a setup is in play for the USD to take a counter trend correction and for all the antithetical stuff to Uncle Buck to gain…
This week I added a starter position in HEDJ and am considering one in EZU. To review, the hedged ETF works well for someone bullish on Europe but expecting the…
Yesterday morning we noted that the bulls had taken the ball back in the broad stock market. Despite a volatile day, that remains in effect as long as the market,…
For the 2nd week in a row I'd like to forgo the regular ETF update in favor of a more conversational 'market status' update. We noted in NFTRH 329 that…
Wax On (US Jobs), Wax Off (China Trade Data)
Friday’s and Today’s global markets give a clear picture of cyclical (stock markets) vs. counter-cyclical (gold).
Friday was US ‘jobs’ at +257,000, above expectations. The stock market was positive for much of the day until it reversed. Gold got hammered.
US Stock Market
After being out for much of the day I returned to the same old, same old. i.e., a market whipsaw. This time around the upside parameters are at issue, whereas on Monday it was the bears getting whipsawed.
The Non-Farm Payrolls report comes out at 8:30 US Eastern time. It’s a tough call on what the market wants to see. The market is as capable of celebrating a bad number (Fed on hold!) as it is a good one (economy is still humming!).
The predictable bounce has come up to just below the predictable resistance parameter. Just for fun, here is a 30 minute chart of SPX. Click to expand. 2065 is the…
Usually on Wednesday mornings we do a standard ETF update. But given the interesting things happening across several markets, this morning I thought I’d do a freer flowing update.
This is very similar to a previous update that worked out well shorting SPY. The parameters to short are very similar, the current level up to 206. A rise above…
The potential bear trap and bounce noted in yesterday's update is following through today and now it is time to set its parameters. To keep things simple, let's use a…
I am using Intel (INTC) as an example because it is an NFTRH+ item that has still not reached its target of 40+. That target is in doubt with the…
We have been expecting a correction in the USD to come about sooner or later. With crude oil up again today I wanted to give you a view of the…