NFTRH+; Anti-USD Plays

The Emerging Markets (EM) have been weak over the last month as the USD made a recovery rally.  Today USD index is making a drop below the 50 day moving averages and the upside target of 97 we had noted (currently at 96.20).

This brings into focus the prospect of a ‘C’ leg of an A-B-C rally in commodities that was reviewed in NFTRH 345 and also the prospect of the EM fund EEM maintaining its series of higher highs and higher lows.

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NFTRH 343 Out Now

It is more important than usual to be fine tuned on exactly why the gold sector, rising as it is with the general 'anti-USD' trade, is different. We go into…

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3 Primary Scenarios

There are many more details and indicators that inform well balanced ongoing analysis, but the three scenarios below are the general options before us.  Excerpted from this week's edition of…

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‘Anti-USD’ Rally Status

The USD is bouncing from the projected support area around 94.  Further, some economic data came in firm this week and ISM was stable, with its exports component bouncing solidly.  That was in keeping with the weakening dollar easing the pressure as a rising dollar had increased it.  Continued firm data could attend an expected bounce in USD.

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Market Notes

Stock Markets

Interesting developments in the markets this morning.  Apparently momentum-fueled markets are getting knocked down by some hype from China pertaining to authorities allowing shorting of Chinese stocks.  That is not fundamental to anything, but it is a shot across the bow to over confident bullish momentum players the world over.  In true momo fashion, they are knee jerk selling in response.

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Anti-USD Asset Rally Status

As suspected would be the case, the US dollar appears to have resumed its correction after rising to test the high.  The first important support zone has been the shelf surrounding 94, which intersects a trend line from last summer’s lows.

usd

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NFTRH 336 Out Now

Well, I just wrote 42 pages.  I'm spent, so no big promo.  I am personally enjoying the market for what it gives and having a good year so far.  In…

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NFTRH 334 Out Now

An important new theme is introduced with respect to the Fed and its unruly subject, Uncle Buck.  Lot's of other good stuff too. Subscribe to NFTRH Premium for your 25-35…

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NFTRH 332 Out Now

332 is a good one.  They all have been lately in my opinion.  I know that because each week doing the work in these reports (and in-week updates) helps orient…

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Gold-CCI & GDX

Before the hype of PDAC kicks in (and I install my ear plugs against it) here is one more gold sector chart that I find interesting, to say the least.…

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NFTRH 331 Out Now

This week NFTRH moves further from the lunatic fringe and into conventional market analysis with lots of talk about relative global stock valuations, using P/E ratios and currency movements as…

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NFTRH 330 Out Now

330 does some opinion making on gold sector perceptions and then buttons down to some interesting market analysis covering the usual suspects; US and global stock markets, commodities, precious metals,…

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