NFTRH+; a look into the Dow Transports

We’ve been noting a Dow Theory non-confirmation in NFTRH over the last few months as the Transports have declined while the Dow has gone on to tick new highs. The ratio (2nd panel below) obviously tanked and represents that divergence. However, nominal TRAN has the technical look of something one might want to buy as it has pulled back within an uptrend and broken its … Continue reading NFTRH+; a look into the Dow Transports

The Distinguished Gentleman of US Indexes

I have an ongoing gag (to keep myself, if no one else, entertained) where the distinguished Clark Gable is inserted into commentary about the old fashioned indexes known as the Dow Jones Industrial Average and the Dow Jones Transportation Average. He celebrates good weeks at Happy Hour and drowns his sorrows at bad weeks just the same. The joke started when I just could not … Continue reading The Distinguished Gentleman of US Indexes

Through History With the Dow & Gold

It’s not analysis so much as it’s just some fun with charts and time frames Come back with me to a time when Nixon severed the final ties that the US dollar had to the sound monetary anchor, gold. Look at how handily paper stocks have beaten the pulp out of the pretty rock. It’s not even close. Stocks benefit from successful inflationary operations better … Continue reading Through History With the Dow & Gold

alice

NFTRH; SPX, INDU & NDX Daily Chart Status (medium priority)

SPX has negated the minor slip below the January high we noted in NFTRH 516. It is back above that level and today made a move to break a short-term trend line. At this point all it has done is dip to fill a gap and it remains bullish. The target, if this condition holds up is above 3000. Dow is flagging above the support … Continue reading NFTRH; SPX, INDU & NDX Daily Chart Status (medium priority)

alice

NFTRH; Possible Bear Flag in a Major Index (med. priority)

We focus on the S&P 500 because of its broader market participation and on Tech, Semi and Small Caps for their leadership indications. But the Dow, which many lay people in the public think of as “the stock market”, is in a relatively poor technical situation. While RUT has broken to blue sky from an Ascending Triangle, NDX has tested its top and made a … Continue reading NFTRH; Possible Bear Flag in a Major Index (med. priority)

Inflation Adjusted Dow and Gold

Steve Saville has an interesting post in which he notes the difficulty in coming up with real inflation adjustments by chasing price data around (like CPI). Using a formula of money supply and population data along with a guesstimate on productivity he has come up with long-term inflation adjusted charts of gold, silver, Dow, oil and the GSCI commodity index… An Attempt to Quantify the … Continue reading Inflation Adjusted Dow and Gold

The ‘Dow 2’ Pop, Trump Touts

Sure, it’s called the Dow 30, but today 2 stocks are driving what the average Trump-pump sports fan will see on Fox when he checks the scores on this “fantastic” rally. Here’s what the Pumper-in-Chief tweeted just 11 minutes ago. I shit you not, I just randomly checked for the first time in weeks and there he was… right on cue. 3M and Caterpillar are … Continue reading The ‘Dow 2’ Pop, Trump Touts

stocks

US Stock Market: Big Picture, Updated

We began using these charts earlier this year to illustrate why, despite all the negative hoopla in the media in 2016, the market very simply remained bullish, technically.  Now that is being expressed for all to see and the dumb money is vigorously taking the play, with the story (all manic phases need a story, after all) of Trumponomics as its foundation (to a towering … Continue reading US Stock Market: Big Picture, Updated

stocks

A History of Consolidations, Booms & Busts

All in one handy chart… I am not making any major point here except that like a card carrying GeekNerd I can sit and look at these things for longer periods than is probably healthy. Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply … Continue reading A History of Consolidations, Booms & Busts