nftrh plus

NFTRH+; A Global Play Making its Move

The iShares EM fund is breaking out, when factoring in dividends (which this chart does). The implied, divy-adjusted target is 48. When backing out the divy, the chart is still constructive but not in breakout mode. The dividends are part of the value proposition and I give that more weight. EEM appears bullish for a trade at least. Obviously, a failure of the breakout above … Continue reading NFTRH+; A Global Play Making its Move

eem weekly chart

A Bearish Look at the EM’s Using Daily and Weekly Charts

I am not going to pretend to have played this well so far.  I have not.  Since identifying the bearish pattern on the weekly chart and a target zone to short at 36 I have played Keystone Kop in trying to trade it.  I did re-take the position (using EEV) and it is profitable as of now.  EEM is dropping below support and the SMA … Continue reading A Bearish Look at the EM’s Using Daily and Weekly Charts

alice, nftrh

NFTRH Update; Gold Stocks, Energy, S&P 500, Emerging Markets & USD

I want to update the charts from the last two updates (GDX, XLE and SPX) and also have some words about the markets overall. GDX hit the first resistance level today.  This is a point for profit takers to take at least some of their profits, for would-be buyers not to chase, for hedgers to hedge, etc.  All the while, this is still technically a … Continue reading NFTRH Update; Gold Stocks, Energy, S&P 500, Emerging Markets & USD

A-B-C

Using SPY for the US market and EEM for general Emerging Markets, I’d like to illustrate what I think may be in play on the short-term.

SPY shot up to the equivalent of our first S&P 500 target around 1980.  This was based on lateral resistance (not shown on the chart below) and a 50% Fib retrace.  We also have an ultimate potential upside (corrective) target equivalent to SPX 2040.  That is the thick red zone on the SPY chart below.

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NFTRH; Multi Market Update

Gold stocks are down again today and it is now decision time (for the sector if not individuals).  That is because the parameter is to not make and hold a new low to the May low on a closing basis.  We noted that a bounce is possible and if it is going to happen it should happen around here, at the May low with a similar over sold RSI.  Either that or it would be broken with a lower low (that does not reverse quickly).

Continue reading “NFTRH; Multi Market Update”