Banks & Anti-Bank
Here is the Bank index, still holding support. While it looks like it could be making an extended top, the BKX is still above the first support level. Pigs and…
Here is the Bank index, still holding support. While it looks like it could be making an extended top, the BKX is still above the first support level. Pigs and…
Well, I just wrote 42 pages. I'm spent, so no big promo. I am personally enjoying the market for what it gives and having a good year so far. In…
S&P 500
Per the simplified big picture daily, weekly and monthly charts of SPX first introduced 6 weeks ago in NFTRH 329, we have been managing potential downside targets of 2000 and 1900.
If SPX were to hit either of these targets it would not kill the bull market, especially if 2000 holds. In that case it would be a normal, moderate and healthy correction.
The bounce has materialized, as anticipated. This almost had to happen given the vastly improved CoT structure for gold, the over sold levels of the stocks and the “puke” sentiment noted a couple weeks ago.
The first target on HUI is 180 (+/-). What we have going on there is a gap to be filled and a resistance area that has very clearly held support and provided resistance for the last 6 months.
An important new theme is introduced with respect to the Fed and its unruly subject, Uncle Buck. Lot's of other good stuff too. Subscribe to NFTRH Premium for your 25-35…
Gold and Silver Commitments of Traders improved again. This weekend we'll take a look at graphical views and see where the trends are at. Subscribe to NFTRH Premium for your…
As posted at Biiwii this morning…
There is a writer we’ll call Don Quixote who is tilting at something that no longer really exists… the evil gold promoters that used to be taken seriously by innocents to the tune of near total destruction of their portfolios.
Don once went on about the gold cult and I even highlighted his post because I had been going about the gold cult as well. The cult-like aspect of the gold “community” (← a dead giveaway) was real, and the group-think that the 2001-2011 bull market fostered was very strong and really damaging to those who did not question its tenets until it was too late.
Gold's CoT data predictably improved again this week, but here I think some discussion is needed just in case it starts to get hyped too much. Below is the CoT…
Before the hype of PDAC kicks in (and I install my ear plugs against it) here is one more gold sector chart that I find interesting, to say the least.…
Too many Bugs got too brave as the CoT structures became bearish for a correction at least, and bear market resumption at most. I leaned toward the former. We'll check…
Admin Notes Doing a freer flowing 'market update' segment mid-week works better for me than the more rigid ETF updates we had been doing and I hope it works better…
Some nice improvement this week. Look at those large spec's rush to short gold and silver. Look at the commercials take the other side. Patience dear gold bugs, patience. It's…
Amidst an economic backdrop in the US that continues to very gently decelerate, we have a celebration of what was perceived by the market as a dovish Fed. Anxiety had…
A reprint of an article from our old 'biiwii.com' site... A Value Proposition (November 3, 2007) As the rot in Wall Street’s dark alleys works its way from the inside…