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…

Comments Off on Bullish Flags

NFTRH+; XLE

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…

Comments Off on NFTRH+; XLE

NFTRH+; Europe/Germany

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…

Comments Off on NFTRH+; Europe/Germany

Gold Sector Update

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,…

Comments Off on Gold Sector Update

Market Update

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…

Comments Off on Market Update

Market Update

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.

(more…)

Comments Off on Market Update

Market Update

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.

(more…)

Comments Off on Market Update

Market Update

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!).

(more…)

Comments Off on Market Update

Parameter Just Ahead & Some Notes

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…

Comments Off on Parameter Just Ahead & Some Notes

Market Update

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.

(more…)

Comments Off on Market Update

NFTRH+; SPY

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…

Comments Off on NFTRH+; SPY

SPX Key Parameters

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…

Comments Off on SPX Key Parameters

Commodities & US Dollar

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…

Comments Off on Commodities & US Dollar