Commodity tracker dunks below the SMA 200

Commodities are starting to crack Disclaimer: commodities are notorious for rotation, as if the hedgies, quants and black boxes are playing Whack-a-Mole, roving the landscape rotating to the next play before they leave it high and dry. But here is the CRB tracker DBC doing something pretty notable, don’t you think? Even as DBC has out-performed the broad SPX since July (lower panel) its nominal … Continue reading Commodity tracker dunks below the SMA 200

Commodities… perfect

DBC is tanking and looking for a date with the SMA 200 “Commodity super cycle!” “Hyperinflation!” “Protect yourself! Buy gold, gold stocks, silver, oil and [gulp] copper!” “Fed has lost control; own real things!” Heavily followed Twitter influencer/gold stock bull seen just in the last 24 hours cheerleading oil. Some of these dense handles are just never going to get it, I think because they … Continue reading Commodities… perfect

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Inflationist gold/gold stock boosters foiled again on ‘Flation Friday [w/ edit]

[edit] Of course, every big buy in gold is a “whale purchase” or some other legit sounding thing while every big dump is a “paper sale!” to manipulate the price down. You see don’t you? You see that there is a cult of ideology out there that has less experienced people in tow subscribing to an ‘us against them’ method of investing that can only … Continue reading Inflationist gold/gold stock boosters foiled again on ‘Flation Friday [w/ edit]

NFTRH+; Today’s market

Quick pics and brief comments. SPX recovers to near an all-time high after a sentiment micro-twitch, NDX ticks a new high and SOX recovers above the SMA 50, regardless of its internal divergences (e.g. Semi Equipment). The world is bouncing. Since this is occurring above the rising SMA 200 it is still technically intact, unattractive pattern notwithstanding. Commodities (DBC) are bouncing but still potentially in … Continue reading NFTRH+; Today’s market

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NFTRH; 3 Sectors That Have Already Taken Back the Trump Rally and a Juxtaposition w/ SPX (medium priority)

The theme for a bear case has been to take back the Trump rally in 2019, using SPX 2100-2200 as an example. Very simply, that would take SPX down to the massive support area that launched the Trump rally after the US election in late 2016. Now, consider that an H&S top could be taking place. With the over bearish sentiment that whipped up, the … Continue reading NFTRH; 3 Sectors That Have Already Taken Back the Trump Rally and a Juxtaposition w/ SPX (medium priority)

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NFTRH+; Commodities

Let’s back out all talk of fundamentals, inflation, broad market views, US dollar, etc. and simply view a chart. The commodities ETF (DBC) is in a bullish pattern by daily chart. We’ve been noting CRB’s “interesting” daily chart look (and less pleasant weekly chart look) in recent NFTRH reports, but here we dial in the view and note that DBC has moved above a neckline … Continue reading NFTRH+; Commodities