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NFTRH Interim Updates

NFTRH; GDX and GDXJ

While the two charts below do not technically show a correction that is over, I have released the remaining hedges I had (via DUST) and am planning to use cash levels for any remaining risk management.  This is just an FYI for anyone who is interested and I continue to suggest people go with the style they are most comfortable with, whether it be accumulate slowly on corrections, regulate cash levels, hedging or simply holding positions.

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August 6, 2014
NFTRH Interim Updates

NFTRH; Key ETF Charts

A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks.  Just a snapshot in time, picking up where we last left these charts a few weeks ago…

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July 30, 2014
NFTRH Interim Updates

NFTRH; GDXJ, GDX & SIL Updated

Well they sure don’t make it easy to get a hard read on things in the very short-term, but one thing we should remember is that this correction is the last correction I expect before a consistent drive upward begins, assuming that either a hard rally or bull market are in the near future.  That is due to the symmetry of the weekly bottoming pattern, which will be reviewed in this weekend’s report.

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July 25, 2014
NFTRH Interim Updates

NFTRH; Dialing in the Precious Metals

Finally, we have seen the obvious (what most people will now take note of) kickoff to a short-term correction in the precious metals.  Depending on the fundamental picture, we can plan on taking advantage of a buying opportunity as we have been noting over last couple of weeks.

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July 25, 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

Update; Clear Objectives for GDX, GDXJ

GDX held neckline support after spiking below the bear flag’s origin point and is filling the downside gap off of the bear flag breakdown.  If this rebound is more than a fleeting thing it will get through the SMA 200 (red) and eventually make a higher high above the early April bear flag top.

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April 23, 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
NFTRH Interim Updates

NFTRH Update, Precious Metals End of Day Snapshot

The 10 vs. 2 year yield spread dropped, which was an in-day negative not to be given undue weight based on one day, but to be respected none the less.  Interestingly, the sector went nowhere (GDX) to down (GDXJ, gold, silver) yesterday as the spread popped.  Today spread down, sector up.

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April 2, 2014
NFTRH Interim Updates

NFTRH Update, Yields & PM Stocks

I am cooling my heels at the allergist's office.  I almost bid goodbye to this world a couple times  due to Yellow Jacket stings and now am a bee venom…

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March 26, 2014