NFTRH+; Inverted H&S
I am a man who stares at charts. I see patterns and I get excited. I realize this is a noisy week with market regulators front and center and indicators…
I am a man who stares at charts. I see patterns and I get excited. I realize this is a noisy week with market regulators front and center and indicators…
As long as silver (SLV) lurks here at the neckline on this chart from last week's update, this precious metals leader is still in the game. The neckline (green dashed…
We've been tracking the Gold/SPX ratio as part of a host of other gold to market ratios. But this is the one that is closest to breaking down and given…
[edit] My mistake; ES took out the August high but SPX remains perched below it. However SPY, when viewed by a chart that factors dividends, is above that marker. So,…
This would be an appropriate time for gold's ratios to stocks and commodities to hold and turn back up. With SPX in the preferred target zone of 4219 to 4300…
NFTRH 760 used a weekly chart, so today let's dial in the daily view for some good perspective on the current situation. While we are open to a rise all…
Silver (SLV) has formed a little inverted Head & Shoulders pattern with a measurement to around 23.25 that would fill the gap (down) in May at 23.16. If it plays…
It is very preliminary, but the Copper/Gold ratio is making the slightest hint that a bounce could be coming within this downtrending market ratio. That could signal that the latter…
It sure seems like there is a lot of bull in the markets, but it has been very selective. Recently ANET got rammed upward on Nvidia's AI hype. I had…
We have been noting the downtrend in the broad commodity complex for nearly a year now (after watching its breakdown a year ago), under the weight of the hawking Fed,…
CME Group are either taking the bait on all the jawboning going on lately that has driven up Treasury yields and supported the US dollar, or there is still more…
It's noisy out there. It always is, but this week seems particularly noisy. We have the debt ceiling theater ongoing with the likelihood that both sides will try to extract…
Admin first. As mentioned previously, I'll be away from my office for the rest of today and all day tomorrow. NFTRH 758 will be published on Sunday as usual. Now…
As noted in a post earlier this morning, the debt ceiling Kabuki dance is likely just that; theater, a stage for a great meeting of the minds of two sides…