NFTRH+; USD & Markets
The US dollar is not taking up the hype on the retail sales beat that theoretically implies a still hawkish Fed. It resides where we last left it, testing objective…
The US dollar is not taking up the hype on the retail sales beat that theoretically implies a still hawkish Fed. It resides where we last left it, testing objective…
Yesterday we reviewed still-cautionary signals. Today, let's check out an important one that may be turning positive for gold. Here is the 10yr-2yr yield curve, still inverted within its flattening…
Lately we have been noting that the fundamentals for gold and especially gold stocks have been bad and getting worse. I am trying to streamline weekly reports and not clutter…
I have a hunch that the USD question (bounce turning into a real bear trap and rally or imminent failure?) may get some solid evidence tomorrow morning when July Payrolls…
The very fact that I am producing my Men Who Stare At Charts shtick means that I am practicing "pattern recognition", staring a would-be pattern that could be a Head…
[edit] I am doing some selling, regardless of what USD is doing. If items held start to look suspect in their own right, or do not fit the balance I…
As originally anticipated could happen (ref. July 19 video update, regarding the initial clear resistance/breakdown area): "USD can break through it, test the SMA 50 and still remain in a…
[edit] I added WEAT after hours, after writing the update. As I started taking a look into the Agricultural sector to see who is leading and who is dragging (GKX…
I joked about Perma-bear Peter Schiff doomsaying the stock market in an earlier post, but a commenter noted that renowned bear Tim Knight (Slope of Hope) was giving up the…
Well, the answer is that the nice neat resistance of the breakdown was not going to hold on the bounce. As suspected in the July 19 video update, USD/DXY now…
On the technical side, GDX is doing nothing we did not discuss in the video update on July 19. It is getting a good disturbance during FOMC week, as anticipated.…
Just for fun more than anything else. I saw a little inverted H&S lurking within the big one on BABA that we reviewed yesterday. I ended up buying the stock…
Checking in on the anti-market and the precious metals leader, USD and Silver USD (DXY) is creeping through the clear resistance area and ticking above the daily EMA 20, as…
BABA is among several Asian/EM items that look poised to rally off of bottoming patterns if the US dollar resumes its bear cycle (within its bull market). These are bottoming…