[edit] post unlocked to give public readers an idea of how NFTRH manages the entirety of the market (not just special interests like precious metals, tech, semiconductors, etc.) every step…
Rather than do a full ETF report in the midst of the low volume Santa backdrop, I thought I’d wrap up a few thoughts on the market’s current status, go over a couple charts of individual companies and then hit only the most relevant ETF’s.
I am taking my own advice and not getting greedy about Santa. Profit was taken on MSFT, INTC and AAPL along with a loss on crude oil. On the smaller…
Semiconductor Equipment Book-to-Bill The Semiconductor Equipment book-to-bill ratio for November is out and it improved per the table below. I will work the data into a graph similar to the…
The quick recap is that DAKT (Daktronics) had weaker earnings and gross profits due to operational issues and capacity constraints. The result was a hard decline at the end of…
From yesterday's ETF update: "TIP-TLT continues to indicate that the Treasury market perceives no inflation issues whatsoever. Indeed, the whole world is worried about anything other than inflation right now. …
A snapshot of the current daily technicals…
A lot has changed since last week’s ETF update. One notable exception is the first item…
Frankly, the more unwieldy this hyper frenetic market gets, the less inclination I have to do NFTRH+ updates, because the volatility has a funny way of breaking charts (with associated…
Per the regular update this morning, the EMA 10 (2056) was noted as key resistance on the S&P 500. Translating that to a bear trade on the SPY, we find…
US Stock Market
After a whipsaw on Tuesday the market made a hard move down yesterday. Amid degrading indicators like bond spreads and sentiment, the Dow and S&P 500 declined over the last 3 days from all time highs.
Our parameters between normal and abnormal are very tight. Let’s check up on them.
A snapshot of current daily technicals…
GLD held last week’s ‘tentative’ key support and now it is just plain KEY support. Next resistance level is just over head.
First let’s update the charts we showed yesterday, with the short-term support parameters.
SPX is below the tolerance point, but this is in-day. The headline indexes are getting the biggest hit.
The metals and gold stock sector have reversed upward and unfortunately I don’t have time to check to see what – if anything, news-wise – might be behind it. I have a commitment shortly.
Last week we reviewed some degrading indicators giving warnings on the US stock market in an update. The market went on to be okay. This weekend NFTRH 320 had caution signals aplenty, especially in the sentiment segment. And all along we have had the fading junk-quality bond spreads as a negative divergence.