Very simply taking a look at the 60 min. and daily charts of GDX, we find confluence with the original pullback target. 60 min. GDX is in a topping pattern…
The 2020 to 2060 zone has been noted as a logical area for active bears to begin shorting. SPX closed at 2033 yesterday. But people should refuse the bear Kool-Aid…
As this chart shows, USD has no further to drop before it makes a lower low to September. What that also means is that there is a risk of reversal…
NFTRH 364 talks about 'comps' 1, 2 & 3 for the current S&P 500 situation. Those would be the bearish 2001 and 2008 and the ultimately bullish 2011 one. We…
On Tuesday we reviewed the constructive looks of gold stocks (GDX), energy (XLE) and the US stock market (SPX) by daily charts. In NFTRH 363 we noted that GDX had…
We have been successfully managing an 'in motion' market since the August festivities kicked off. It is October and Money Managers (NAAIM), Newsletter Writers (Investors Intelligence) are thoroughly spooked and…
The Fed rolled over again, which was not surprising given global economic slowing, global monetary easing and a would-be firm US dollar's continued negative impact on US exporters and manufacturing. …
A quick roundup as one of the commitments I have this week is to go to court this morning and sit in a pool of people hoping not to get picked as a juror.
Using the SPX chart below as a guide, we see that US markets have now challenged the October lows (some held above and others poked below) and the test is on. It looks like a logical bounce is trying to get going in pre-market. Click graphic for live quotes…
NFTRH 353 introduced the idea of a Macrocosm, a planetary representation of elements that need to come into place for a real investment stance on the gold stock sector (as…
Say, do you want to see what short covering into a market close looks like? It looks like this... It was fairly hilarious watching the streaming quote screen start blinking…
I find it interesting that July Payrolls was pretty decent, the US dollar firmed (apparently with firming expectations of a Sept. rate hike), some stock markets and commodities are weak…
DUST had a look of bearishness to it, which would have gone hand in hand with a bounce in the gold stocks that I have been more expecting than not. …
First off, here is miner 3x bear DUST again with the 60 min. chart getting its bearish look compromised as it rises above the right side's would-be shoulder. This is…
Checking back in with old friend DUST hourly. Still no resolution as it levitates within a pattern that still does not look pleasing. If it proves unpleasant for DUST, it…