My tolerance on a short position against small caps (via IWM) is shown here in this weekly chart. A break of the blue line and I'd probably move on. Among…
I created the title and then had a flashback to Spy vs. Spy… :-)
Anyway, here are some daily charts of other items vs. SPY. I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters. I still hold SPY short. Ouch, but it’s more than fine; the 2016 out performers are seeing to that.
Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing. EEM-SPY is doinking the SMA 200 for the first time today.
Here's the XLV weekly chart again. It's closer still to the top channel line. The daily view is kissing the SMA 200. I sold XLV but still hold my fair…
Here is the multi-index weekly chart. Most are above former resistance but... where are higher highs? Show me higher highs, Jerry.
Regarding the recent posts on Healthcare, I took the profit on PFE [edit: AMGN targets higher but taking that profit too] for two reasons; 1) As noted in NFTRH 389…
A week ago we had an NFTRH update (now public) about the Healthcare sector. With a nod to this morning's Market Psych 101 article, I was at a point of…
I assume everyone sees the topping pattern on the S&P 500. It is the Dome (AKA Dunce Cap) we have been following since mid-2015. The most bullish thing about this…
I like browsing through old charts just to see what they are saying sometimes. This one is from an NFTRH edition sometime back in 2015, when we were gauging the…
One question; do you think these are bullish yet? I have been compelled to turn the resistance lines green for tentative support. But in my opinion, none of these items…
As corporate profits have decelerated over the last year the S&P 500 was left with little more than the monetary base, which had been ramped like crazy by post-2008 monetary…
Just posting to try to get the media settings right on the new site format. While we're at it, let's note that SPX is now at the top of our…
In subscriber updates we noted that the middle of the 'W' was at 1947. That was the high that SPX would need to take out in order to keep the…
The title is a paraphrase of "the scariest gold chart in the world" (target below $400) someone sent me in 2009, just before the gold price began its $900 per…
For months we have been calling it a "Dome" on SPX's head. Now that markets are getting interesting and since I prefer to be colorful when markets allow, this highly…