A dis-inflationary whiff and its likely path

As inflation signals cool, various markets get relief Whether a bounce or something more extended, a bear market rally was bound to get off the ground sooner or later. It was a matter of time, with stock market sentiment this over-bearish. Here is how the US Stock Market segment led off last weekend in NFTRH 706: We then covered the technically bearish state of the … Continue reading A dis-inflationary whiff and its likely path

PLL thinks it’s a Semiconductor stock

Man stares at PLL chart… Lithium prospect Piedmont Lithium (PLL) sports… …a similar bullish pattern to the broad Semi sector (and several of its components). Both recently used the SMA 50 as support for the latest upturn. This is a post making no conclusion other than man stares at chart of PLL (wishing he owned it) and realizing he’s seen this elsewhere. For “best of … Continue reading PLL thinks it’s a Semiconductor stock

World in a Diamond

ACWX (world, ex-US) sports a Diamond pattern in the making. People incorrectly (IMO) label this as a reversal pattern when actually in my experience a Diamond tends to be a pause to consolidate prior to either a reversal or a continuation of the previous trend. So that is all it is, a decision point about further rally potential. Given the waning momentum indicators (it’s similar … Continue reading World in a Diamond

The Thing About Charts

Some of them tend to go the way you thought they’d go when you buy them (18% paper gain)… …and some don’t (9% booked loss). Thus ends another spine tingling installment of The Men Who Stare at Goats Charts… Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ … Continue reading The Thing About Charts

Man Stares at Chart, Notes SPX Below “Major” Support

Marketwatch, recent producer of many a bleak headline in concert with the bleak trade war noises emanating from Trump’s orifices among other negative news items, has a man who is staring at his charts today and advising that SPX has lost “major” support. Charting a bearish December start, S&P 500 ventures under major support “Tactically, the 3,100 mark matches major support. The S&P has ventured … Continue reading Man Stares at Chart, Notes SPX Below “Major” Support

The Men Who Stare at Charts: Mental Whipsaw Edition

I’ve had SWKS on watch (where it resides to this moment) since it climbed above the SMA 50 & SMA 200. Hilariously enough, while looking at my Fidelity capsule on the company, which includes useful information and not so useful information, I saw this little whipsaw. Two TA services linked by Fidelity include an Elliott Wave thing informing me of a bearish continuation pattern but … Continue reading The Men Who Stare at Charts: Mental Whipsaw Edition

The Men Who Stare at Charts: The “Chart Master”

This is not a ‘make fun of the man who stares at charts’ post *, although man’s nickname made me want it to be :-).  I actually enjoy the man’s presentation as he talks about trends and pullbacks simply and without the need to try what all too many men and women who stare at charts try, which is to baffle you with overly technical … Continue reading The Men Who Stare at Charts: The “Chart Master”

The Men Who Stare at Charts: Ups and Downs of Trading Psychology

I have had countless situations where I’ve taken a solid profit on a stock and then watched it explode much higher. ROKU is the most recent situation. It’s tough, but it is what it is. It is really easy to see the gains you missed out on when a stock explodes higher. But what about the losses you missed out on? Last June I wrote … Continue reading The Men Who Stare at Charts: Ups and Downs of Trading Psychology

Dow “Death Cross!!”… Case Closed

Over the years I’ve harped on about this. The media tout “DEATH CROSS” in fearsome headlines and then voila, a hard bounce happens to punish anyone who knee-jerked in response to said media alarm. Here’s the Dow doing just that this month after December’s alarm. However… a cross of a shorter-term moving average below a longer-term average does mean something and it ain’t bullish. Only … Continue reading Dow “Death Cross!!”… Case Closed

The Men Who Stare at Charts: “Nasdaq Death Cross”!

Investing.com has a market roundup for us this morning. It’s actually a somewhat helpful summary of yesterday’s events and ‘need to know’ stuff for today. Opening Bell: Futures Drop on Risk-Off Shift, Nasdaq Posts Death Cross   But two things… Thing 1 Why does there always have to be a reason put forth by the financial media, every damn day about why the market goes … Continue reading The Men Who Stare at Charts: “Nasdaq Death Cross”!