As this chart shows, USD has no further to drop before it makes a lower low to September. What that also means is that there is a risk of reversal…
NFTRH 364 talks about 'comps' 1, 2 & 3 for the current S&P 500 situation. Those would be the bearish 2001 and 2008 and the ultimately bullish 2011 one. We…
Because they are key to our macro fundamental road map going forward, we continue to watch the 'gold vs.' theme very closely. These are like credit spreads, only they have…
A quick roundup as one of the commitments I have this week is to go to court this morning and sit in a pool of people hoping not to get picked as a juror.
Using the SPX chart below as a guide, we see that US markets have now challenged the October lows (some held above and others poked below) and the test is on. It looks like a logical bounce is trying to get going in pre-market. Click graphic for live quotes…
The Megaphone or Reverse Symmetrical Triangle in crude oil fund USO looks interesting. These are usually thought to be reversal patterns. If that is what this is, it will end…
Could this be the end of the consolidation phase? If so, things are changing on the macro, right here in the dead of summer. The thing bounced back in March…
NFTRH's target for Crude Oil has been 62 ever since its break from the bottoming pattern in early April. This chart refines it to 64. Apparently the Saudis are talking…
Crude oil has bumped back above the MA 50 and bears watching here. In this morning’s update it was noted that commodities are not interesting until there is a reason for interest. This is a preliminary one.
If Crude oil is going to bounce, it might think about doing it now. The trend line from 1999 is just the latest candidate to try to arrest the impulsive…
Remember the 'Peak Oil' hype that was promoted far and wide as trend followers disguised as financial analysts exalted the likes of T Boone Pickens, Jim Rogers and a host…
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in…
Crude oil is more over sold by monthly RSI than it was in either 2008 or 2001. Amazing. Now if only my oil man will get the memo. My suspicion…
Gold vs. Oil... Silver vs. Oil... Gold vs. Commodities... And finally, an important one; Silver vs. Gold...
First let's preface by stating that I have a dislike for gold sector pom pom wavers as evidenced by this post at Biiwii: Huey, Dewey & Louie. Second, let's ask…