NFTRH Interim Updates

NFTRH Interim Updates

NFTRH; Gold Sector Fundamentals

Gold stocks are in the resistance target zone, so understand that negative reactions are becoming more likely.  But I want to make a point that unlike the hype surrounding Ukraine and Iraq (i.e. geopolitical problems) that we discount as a fundamental underpinning for the gold sector, the headlines now coming from Europe and in particular Portugal are an actual fundamental underpinning because they speak directly to what is wrong with the debt leveraged financial system and our reasons for owning gold and/or the miners.

(more…)

Comments Off on NFTRH; Gold Sector Fundamentals
July 10, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Base Metals

A few weeks ago we noted that base metals were in a potentially bullish pattern and recently updated that status as near a break out.  GYX is now breaking out of the pattern.  Here is a weekly chart of the DBB base metals ETF.

(more…)

Comments Off on NFTRH+; Base Metals
July 2, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; JNPR

Another old name from the go-go (bubble) days of tech.  Previously we have highlighted BRCM (a successful trade) and more recently INTC.  Here is another survivor from 2000.

(more…)

Comments Off on NFTRH+; JNPR
July 2, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Platinum

NFTRH 296 noted “Platinum could get interesting if it breaks resistance”, which was shown by a weekly chart.  I also noted that I was “jumping the gun” in buying PPLT before a would-be breakout in Platinum.

(more…)

Comments Off on NFTRH+; Platinum
July 1, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

A snapshot of the current daily chart technical status of several ETFs…

GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296.  MACD and RSI positive, with RSI close to over bought.  Key support is at the MA 50 and 200.

(more…)

Comments Off on NFTRH; Key ETF Charts
June 26, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; CTRL

I am taking profit (+8% from NFTRH+ highlight) on the most recent idea, Control4 (CTRL).  The measured target is higher and others may want to go for it.  I want…

Comments Off on NFTRH+; CTRL
June 25, 2014
NFTRH Interim Updates

NFTRH; Gold Stock Pullback Strategy

The gold stock sector is pulling back today after HUI made a new recovery high of 242.53, just below our anticipated strong resistance zone of 245 to 250.  Hopefully, traders have been taking some profit.  What comes next for gold stock players is a game plan…

(more…)

Comments Off on NFTRH; Gold Stock Pullback Strategy
June 24, 2014
NFTRH Interim Updates

NFTRH; Gold Funda’s & More TA

Bloomberg headline:

Jobless Claims Drop as US Consumers Gain Confidence

Economic deceleration is sure not on the front burner.  Yet the US continues to try to inflate, as does a good portion of the developed world.  Questions include… will we get rising inflation concerns and will this inflation and precious metals bounce foretell economic drudgery (or worse) to come?  In 2000 when the great stock bull blew out and the gold bull began, things were about as good as they get for the economy.

(more…)

Comments Off on NFTRH; Gold Funda’s & More TA
June 19, 2014
NFTRH Interim Updates

NFTRH; Precious Metals

Silver is continuing its breakout on the weekly chart (ref. the comparison to the CCI index in 2013).  Silver vs. gold is continuing upward (a good sector leadership indication) but is getting very over bought now (traders be aware).  Gold is breaking through its 50 and 200 day moving averages and approaching the key ’round number’ resistance around 1300 that we have been noting.

(more…)

Comments Off on NFTRH; Precious Metals
June 19, 2014
NFTRH Interim Updates / NFTRH+

NFTRH+; Control4 (CTRL)

Within the context of a potential market blow off scenario that Fed policy seems bent on instigating, we continue to look for candidates that have not yet moved aggressively.  On that note, CTRL, which can claim some of the ‘Internet of Things’ hype (iOt, another hype flavor added to last year’s 3D Printing/Additive Manufacturing?) in the home automation space.

(more…)

Comments Off on NFTRH+; Control4 (CTRL)
June 19, 2014
NFTRH Interim Updates

NFTRH; Iraq, the New Ukraine?

From Bloomberg:

“U.S. stocks retreated, with the Standard & Poor’s 500 Index falling a third day, as airline stocks tumbled after escalating violence in Iraq pushed oil prices higher while data on retail sales and jobs missed estimates.”

(more…)

Comments Off on NFTRH; Iraq, the New Ukraine?
June 12, 2014