Per yesterday's Trade Log, Copper Miners ETF COPX was added. Here is the technical rationale, which is getting some follow-through today. COPX had been working on resistance at the SMA…
There are several sub-sectors related to Energy, from battery metals/materials (nickel, lithium, etc.) to solar/wind,etc., to uranium. I don't hold much in the way of traditional Energy (other than NOG,…
These correlations are several years old, so they are a very generalized view of which sectors do and do not tend to do well when yields are rising. I thought…
The theme as presented in NFTRH 687 is for USD's test of its SMA 50 to be a key driver for the Q1 2022 macro. A test is just that,…
Gold and silver futures are firm in pre-market. Let's update the technical situation using daily charts. Gold, which we have consistently noted to be in the Handle of a bullish…
A look at gold and silver futures daily charts, considering the positive (on 30yr average) seasonal and constructive CoT of each metal. Gold is bumping up above the daily chart…
As noted in the weekend report I am giving BTC/USD the benefit of the doubt pending the support at the top of green shaded cluster from September but wanted to…
With respect to the previous update, let's also take a look at the Silver/Gold ratio (SGR) which, as a "metallic credit spread" along with its opposite twin, the Gold/Silver ratio,…
Junk bonds (HYG) have held above the 50 day average, indicating that risk is still 'on'. Junk/Investment Grade (LQD) has recovered strongly and is flipping positive as well. Junk/Treasury (20+…
Just a moderate priority update, with picture of the US market leadership chain. SOX/NDX, NDX/SPX and SOX/SPX are all firm today and maintaining the 'intact' status noted in NFTRH 686…
Last week in an update we reviewed the gold price as adjusted by commodities and stocks with gold becoming constructive vs. commodities and global stocks (ACWX) but still inactive vs.…
Omicron is front page news as the COVID spikes that we reviewed (ref. Reuters COVID Tracker, h/t subscriber FG for the link) as the 4th wave of infections reviewed back…
It is no coincidence that gold stocks are positive as broad markets correct to varying degrees. As the inflation trades cool, gold begins to out-perform. Most gold bugs demand -…
And so the tapering Fed is behind us. The upper gaps are filled on the main US indexes and the lead up to FOMC was actually less irritating than normal,…