Market Update

Amidst an economic backdrop in the US that continues to very gently decelerate, we have a celebration of what was perceived by the market as a dovish Fed. Anxiety had…

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Market Update

Usually on Wednesday mornings we do a standard ETF update.  But given the interesting things happening across several markets, this morning I thought I’d do a freer flowing update.

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NFTRH 328 Out Now

Another solid report this week.  I know that because it helped me out yet again in trying to understand all the components in play across markets; all the tops spinning…

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NFTRH; Key ETF Charts

A snapshot of current daily technicals…

Precious Metals

GLD continues to rise toward the measured target around 128, where it would be over bought.  Support is 117 to 119.

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NFTRH; Key ETF Charts

A snapshot of current daily technicals…

Precious Metals

GLD broke back above the first key support level.  120-122 will be a big test.  A rise above 120 would put in a short-term higher high to go with the recent higher low.  114 is where key support begins.

gld

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Junk’s Bearish Market Divergence Continues

Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce.  Further, Junk vs. Investment Grade and long-term Treasury are still…

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Bond Risk Profiles Flip Flop… Slightly

Yesterday we noted TLT (often risk OFF) was popping up from its flag.  Today that is reversed.  Today we see a massive risk 'ON' impulse throughout Wonderland, I mean the…

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Risk is OFF

Risk is OFF [ed: 'Risk Off' might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators - including a sentiment…

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