TSX-V has been a negative divergence to the inflation trades, but… You see, da ‘V’ has a bunch of cow pastures and barren holes along with a few nice prospects up there to the great white north. It has been negatively diverging the inflation trades for over a year now, but was an important indicator that we used in 2020 to confirm the inflation trades. … Continue reading Psst, be vewy quiet; TSX-V attempts a move…
From #698’s summary… Here is da ‘V’ this morning… CDNX has cracked resistance and popped to the down-trending SMA 50. This is where a move toward a final, speculative inflation trade upside blow off could start. It is of course very tentative, but at least we’ll be watching it. If it reverses and fails it would remain a negative divergence. If it breaks out and … Continue reading NFTRH+; about those inflation trades…
We have been tracking the TSX-V (JX, CDNX) both nominally as below and in ratio to the senior Canadian TSX. The signals have been negative with the nominal ‘V’ in corrective consolidation for nearly year per this daily chart and in its ratio to TSX, which we use as a speculative inflation trade indicator. Here is the daily ‘V’ below the SMA 50 & 200 … Continue reading NFTRH+; A bigger picture look at da ‘V’
On 5/21 in the Trade Log we noted that the TSX-V was making an initial move above the SMA 50 to potentially break consolidation. Now a week later, it’s still on message. Just an FYI on a market that was important to our speculative inflationary view in 2020 and would need to hold its uptrend to keep that same view in play in 2021. If … Continue reading NFTRH+; A key reflation-sensitive market, updated
TSX-V is in a cyclical bull market The TSX-V, which has been one of our main post-crash inflationary guides, has joined the likes of the Agricultural index, Copper and other markets in a cyclical bull market by taking out the previous high. A cyclical bull is just that, a cycle. The ‘V’ is already there and it could end tomorrow or more likely in my … Continue reading Just Another Cyclical Bull Market
The ‘V’ is doing this, which I believe is a sign of excess (i.e. momentum) starting to layer into the reflation trades. The weekly chart is striking. Ah, but is it really or is the inflation they’ve relentlessly pumped into the system by one monetary trick or another finally just seeking out equilibrium? TSX-V is the latest market to spring to a cyclical bull (ref. … Continue reading NFTRH+; TSX-V & Junior Miners, Exploration & Royalty
The TSX-V index is making a new high for the recovery cycle. This is important to many of the more speculative resources/commodities trades. The ratio of the V to the senior TSX is an indicator we used for a bullish signal in May when it impulsively took out the 200 day moving average and again in June when it formed a Diamond consolidation pattern that … Continue reading NFTRH+; This Index & Indicator Are Bullish & Constructive, Respectively
Before TSX-V (CDNX, JX) made a lower short-term low today NFTRH 617 noted (along with a chart)… “Did TSX-V put in a little double top or is it just consolidating? If it’s a top, it appears to be a minor one, perhaps in preparation for a test of the up-turned SMA 50.” For those of us holding positions in members of this index the question … Continue reading TSX-V Makes a Lower Short-term Low
The TSX-V index made a new recovery high yesterday, yet the Copper/Gold ratio is breaking down. Here’s the view as of this morning’s pre-market. While the Silver/Gold ratio goes on to try to turn what I had viewed as a significant caution area to support, from former resistance. Here is the clearer view, per the weekly chart. And yet more perspective per the monthly. We … Continue reading NFTRH; Animal Spirits and a Strategy
Gateway or termination. Copper… Copper/Gold… JX/TSX… An end of summer 2020 price increase is coming. Subscribe to the value-priced NFTRH now to lock in the current rate for the life of your subscription! Current subscribers will never see an increase and have never seen increases since the service began in 2008. NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for … Continue reading This is it… Gateway or Termination
Let the US dollar bounce, let Treasury yields pull back, let the global reflation trades take a hit… and still, the TSX-V continues upward. On the daily chart, at least. Daily: It’s robotic up, after taking out the moving averages. Weekly: Here comes resistance, followed by more resistance. Monthly: Aye aye aye, that’s a lot of resistance traffic to clear if this is going to … Continue reading And Still da ‘V’ Keeps Motoring
The CDNX/TSX ratio was first and the Silver/Gold ratio was second. Today CDNX/TSX ratio is getting clobbered. A reaction always was going to come about, but this is a severe pullback on a day that markets are celebrating a jobs report that was probably in the bag the whole time (it was bound to partially recover as some point but it is still dreadful). Let’s … Continue reading NFTRH+; That Which Led is Still Leading
While many signals are up in the air, a couple of them that we have shown to be early indicators of inflation and associated trades continue to plow upward. The nominal TSX-V (CDNX) continues its massive counter trend bounce. The longer this keeps up, the better the chances that the index can change its major trend, which is down. Of more importance to future ‘inflation … Continue reading NFTRH+; Status Update of Two Key ‘Inflation Trade’ Indicators
Existing home sales fell. Jobless claims increased. Fed’s Williams “more concerned about lower inflation than higher”. All that stuff is positive, not negative, for the gold stock sector. Gold stocks needed a pullback and here it is. Moving on, the Silver/Gold ratio it getting dinged – as it should – amid the economic angst and supposed lack of inflation. And the TSX-V is in line … Continue reading NFTRH+; Target Reached in This key Index
