dba

Commodities

Agri-vated

While most things have gone right for me lately, one thing has not; at least not yet.  And if DBA goes any lower it will not have a chance to…

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July 20, 2016
NFTRH Interim Updates

NFTRH; Key ETF Update

A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…

GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180.  Over sold, prone to bounce but technically bearish below 120 and 123.

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September 23, 2014
NFTRH Interim Updates

NFTRH; Key ETF Update

A snapshot of the current technical status of key ETFs…

GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support.  Still not a constructive looking chart.  A rise above the SMA 200 and then the 50 makes it constructive.

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August 27, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

A snapshot of the current daily chart technical status of several ETFs…

GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296.  MACD and RSI positive, with RSI close to over bought.  Key support is at the MA 50 and 200.

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June 26, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.

GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity.  The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.

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June 11, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.

GLD has lost support after spilling out of the Symmetrical Triangle.  Last week it was at the 62% Fib retrace and this week that is in the rear view window.  Still bearish.

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June 4, 2014
NFTRH Interim Updates

Update; Key ETF Charts

A reminder that ETF charts are more a snapshot to current status than comprehensive TA.  Also, to save time the MACD (which is usually noted as green (positive) or red (negative) will be colored blue in ETF updates going forward.  The relevant point to the color coding is whether MACD is above or below zero.  Also, RSI is added and the charts have a new format.

GLD broke down from an unimpressive short term uptrend (low relative ‘up’ volume), keeping the long anticipated support zone in play.  That support zone is quite important.  GLD is neutral-bearish, but with a potentially bullish pattern.

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April 16, 2014
NFTRH Interim Updates

Update: Key ETF Charts

Key ETFs offer a technical snapshot each week, but are not comprehensive technical analysis.

GLD is right at the resistance we noted last week.  The chart is neutral and would become positive with a rise above resistance (and the moving averages) and a MACD up trigger.  Obviously, a failure here would put a bear signal on.

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April 9, 2014