Protected: NFTRH+; unfinished business, T-bill/gold/miner correlations & risk/reward
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Category: NFTRH Interim Updates
Protected: NFTRH+; positive divergence in this inter-market ratio [w/ edit]
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Protected: NFTRH+; about that viable HUI target [w/ edit]
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Protected: NFTRH+; here comes the test
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Protected: NFTRH+; next support levels for silver
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NFTRH+; this sector is bottoming; 5 individual stock charts
The US Cannabis MSO sector has bottomed for an interim low at least. Last year I entered too soon and stuck with it too long (as politicians sit on their ample behinds with respect to Federal legalization). Well, it’s another year and it’s a potential bottom in place. However, the sector is starting to get overbought in its bear market rally. Reviewing a leader, GTBIF, … Continue reading NFTRH+; this sector is bottoming; 5 individual stock charts
NFTRH+; a viable HUI target [w/ edit]
[edit] The scenario noted below obviously depends on HUI losing the neckline, which it is thus far holding as S/T support today. The target does not activate until/unless HUI takes out the neckline. Keep in mind that this is just a man staring at charts and advising potentials. There are other potentials in play, including a full out crash. But here we find daily HUI … Continue reading NFTRH+; a viable HUI target [w/ edit]
NFTRH+; after the Powell noise here’s what to watch
Jerome Powell was trotted out to the media and said exactly what anyone paying attention to market signals knew he’d say. The Fed is still in inflation fighting mode in order to try to kill the thing it created, a big inflation problem that is hampering the economy and threatening to go or already having gone stag. Slight inflation pressure easing aside, they are not … Continue reading NFTRH+; after the Powell noise here’s what to watch
NFTRH+; S&P 500 E-mini (ES)
It is still summer silly season and as such it would not be surprising for ES to hold support here and take one more lunge upward during the pre-FOMC time window. It would also not be surprising for it to resume a bear market after hitting and dropping from the SMA 200. However, as noted in NFTRH 719, that would be the obvious and ‘logical’ … Continue reading NFTRH+; S&P 500 E-mini (ES)
NFTRH+; gaps filled
Just a quick FYI that the gap in gold and the implied gap in silver have filled. The chart shows GLD and SLV. I sold AEM earlier but may need to re-think that. If a short-term rally is going to happen it could well come from these oversold conditions and gap fills. If so, it may still not be ‘the’ bottom. But, week-to-week… Continue reading NFTRH+; gaps filled
NFTRH+; another clear signal
Yesterday we noted the bullish moves in USD and the Gold/Silver ratio, giving a clear and negative macro signal. Today, insofar as certain/many asset markets have been ‘anti’ yields in 2022, another negative is long-term yields (30yr in this case) breaking upward from a daily chart pattern first noted in an August 10th update, as the yield was being led by the KBE/SPY ratio. Here … Continue reading NFTRH+; another clear signal
NFTRH+; a clear macro signal
If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying. But this set of indicators, the Gold/Silver ratio (GSR) combined with the US dollar index, beg a cautious stance on the inflated macro, including – if history is a guide – on gold stocks (which … Continue reading NFTRH+; a clear macro signal
NFTRH+; words (and charts/graphs) on gold/miners
While gold stock macro fundamentals remain a work in progress (in need of a reversal back to bearish in stocks and a continuation of gold’s recent moves vs. commodities) gold stocks (HUI) have been on a most labored attempt to bounce with risk ‘on’ markets. Frankly, I still think Huey wants to tap the SMA 50 and/or one of the resistance levels above it, but … Continue reading NFTRH+; words (and charts/graphs) on gold/miners
NFTRH+; a very clear setup
It’s the final stages of the originally planned summer rally window from July potentially into September. It is the final stages because the current plan will either play out with a bear market failure or the plan will be proven wrong if the bulls are able to break the bear’s downtrend. As already noted, speaking as a perhaps over-thinking human, I feel like the bear … Continue reading NFTRH+; a very clear setup