Yesterday we concluded... Bottom Line Market Internals are holding up and with the summer volumes caveat, the US stock market is breaking out (barring a head fake & whipsaw) to…
Many internals indicators bounced with the markets yesterday. Among them were SPX & NDX new highs/lows, Junk bond to Investment Grade & Treasury ratios, TIP/IEF & TIP/TLT inflation expectations, Growth…
A general review of the current status across different asset markets. This is not comprehensive, forward-looking analysis as per NFTRH, but it is an up to the minute summary (as…
The title of the post is purposeful in that things are falling this morning. Stocks, yields, commodities and precious metals. And drops in stocks and commodities would be needed in…
The trend continues against the inflationists, but there has been the bullish divergence by Baltic Dry Index (per this NFTRH chart), and the inflation trade has been very oversold, after…
Gold & Silver Yesterday we noted the 2017 low of 1204 as the next important support level for gold. It has dropped to 1216 this morning. We noted that silver…
Consider this update something of a sketch book of possibilities by one market watcher sorting through his thoughts. Gold did not hold its December 2017 low of 1238. Next in…
Using the multi-panel charts from the NFTRH Commodities segment we see a broken situation on the daily view. Crude oil clings to its uptrend as does the Uranium holder. But…
First, a little more context for yesterday's update about items that would correlate well with a strong USD. Those were the Small Caps, which do a higher proportion of domestic…
A simple daily chart of DBC, which tracks the CRB index fairly well. DBC is cracking the SMA 50 today on the global trade uproar. We have noted CRB in…
I am sure you remember the lead up to Q1 2016. The US economy and stock market were transitioning from a Goldilocks environment and narrowly avoiding a bear market while…
As per recent analysis, the gold and silver CoT are constructive for a bounce/rally and so too are the Silver/Gold (SGR) and HUI/Gold (HGR) ratios. While SGR is constructive for…
I will be leaving today for a couple days on the road. I'll have my laptop but will not be market watching very closely. So I thought I'd post an…
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up…