NFTRH+; Potential shift in play
The theme was begun yesterday as we looked at the banks and long-term yields, questioning whether or not long-term yields have already pulled back enough to spur a bounce. As…
The theme was begun yesterday as we looked at the banks and long-term yields, questioning whether or not long-term yields have already pulled back enough to spur a bounce. As…
The Energy sector is recovering and that can be considered a rhyme with the state of Bank leadership and long-term yields as noted in yesterday's update. It's another 'reflation' sector.…
The ratio of Banks to the broad market (daily chart) is a leading indicator to the reflationary aspects of the markets. In particular, the ratio should lead or go in…
'Eliminating' is a strong word, but if the Gold/Silver ratio (GSR) is breaking down from its recent hold of the SMA 50 and upturn, then it would be beneficial to…
The miners leverage gold's standing within in the macro. So if gold is weak vs. cyclical markets/assets then the miners tend to be much weaker. If gold is strong relative…
A daily chart view for short-term reference. Gold has bounced to the SMA 50 and resistance associated with that area. Option 1: Bounce failure. Option 2: Break on through to…
Yesterday was a reminder that Fed members can and do interfere in the markets at will. Such power to move markets should be considered disreputable at best and criminal at…
The 30yr Treasury yield is doing as expected, dropping from the hysterical high at the 3.45% target. The target for the pullback is 2.5%, which coincides with the uptrending daily…
FOMC came. FOMC laid a .75% egg. FOMC rode off into the sunset until September. Meanwhile, signs of global economic contraction continue to crop up as the Fed fights the…
Gold thus far holds the support, which can be seen on a weekly chart per a July 21st update. Here is the updated daily for review. Silver is the precious…
[See qualifying note added at end] Alert subscriber Michael has prompted me to look at something I have not looked at in years, quite frankly. I long ago simplified my…
A very simple update. This morning in pre-market the precious metals were tanking. Now? Not so much. Gold slammed the next support level we have noted at around 1680 and…
After adding GOOGL this morning to go along with other items I consider somewhat negatively correlated to long-term yields (DVAX, TWST, ZM, META w/ MSFT on priority watch) and thus,…
Yesterday's little contrary CPI bounce has failed as of pre-market this morning. Stocks (ES, NQ, Global) are down and base and precious metals are down as well. They of the…