NFTRH; Miners Approach Resistance #3
A brief update to note HUI is now approaching the resistance level of 245 to 250 that we have been noting.
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July 9, 2014
NFTRH; Gold Stock Pullback Strategy
The gold stock sector is pulling back today after HUI made a new recovery high of 242.53, just below our anticipated strong resistance zone of 245 to 250. Hopefully, traders have been taking some profit. What comes next for gold stock players is a game plan…
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June 24, 2014
NFTRH; HUI
HUI is coming to 205, as anticipated. That is the key support zone to a big picture bottoming stance.
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May 27, 2014
Update; Market Update
HUI has clearly broken down from the bear flag. As noted previously, these breakdowns usually see a decline below the start point, which was around 216.
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April 15, 2014
Update; HUI Weekly Symmetry vs Daily Flag & Stock Market Bounce
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April 14, 2014
Update; HUI Symmetry & 2 Quality Leaders
Updating the HUI symmetry plan, we see that this week’s candle is nearly perfect in its mirror image of the corresponding one from October. So all the miners need to do is finish out the week around current levels and our ‘picture analysis’ lives another week.
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April 10, 2014
Update; HUI Symmetry & Other Gold Stock Analysis
Well, our work of art kept to plan for another day. The two shaded candles are the corresponding candles of interest for this week.
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April 8, 2014
Update; TA on HUI & US Stock Market, Admin Note
Yesterday HUI did exactly what we asked it to do in order to remain normal to the current plan. It dropped into the 224’s, filled the gap and has not made a lower low to the last green arrow. So it remains in a baby uptrend. I would not get too concerned about reading a rising wedge into a 30 minute chart, but it is inserted regardless to again play Devil’s Advocate.
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April 8, 2014
NFTRH Update, Geeky HUI Symmetry Stuff
In reviewing the second of the two HUI weekly charts of the previous update, I want to blow the view up and illustrate the symmetry between the current ‘down from neckline’ vs. the previous ‘up to neckline’.
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March 24, 2014
NFTRH Update, HUI, CCI & Stock Market
HUI Daily Technicals
HUI got above the 50 day averages and changed the daily trend by gapping up January. It then made a consolidation handle, which found support at the EMA 50 in early February. It then became gappy as aggressive buyers chased it up to its over bought state (as of yesterday).
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February 20, 2014
NFTRH Update, New HUI Support Zone
Today there is some turbulence. Good, an extended rally scenario would not want to see the sector fly up to excessively over bought levels all in one big gulp. HUI…
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February 12, 2014
S&P 500 & Gold Stocks, Mirror Manias
We have been working a theme lately about the mania going on in US stocks (some valuations are not overly manic but policy sure is) and also the one going on in the mirror (a fun house mirror at that) in the ugly precious metals sector.
We are in a time of utter reverence for great and powerful Oz-like people doing not so great things to the rates of interest that would be paid to savers and prudent people (Zero Interest Rate Policy or ZIRP), and doing wonderful things for leverage (substance) users, speculators and asset owners (MBS and long-term T bond buying).
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November 27, 2013
NFTRH Update, HUI Weekly View
A quick update on the status of the weekly view of HUI and its projected ‘W’ or ‘IHS’ bottom as noted in this week’s letter.
But first, to review the daily situation, HUI made its first close above the resistance at 230 (as noted in an update last week by a daily chart). The next important task is to take out the 50 day moving averages, which are currently 234.55 (EMA) and 241.50 (SMA).
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October 22, 2013
NFTRH Update; HUI
I don’t believe today’s precious metals bounce is anything because we are talking about a market that is fixating on scrambling politicians and what ever scheme they will cook up to extend the nation’s ‘Wimpy’ lifestyle… “I’ll gladly pay you on Tuesday for a Hamburger today.”
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October 14, 2013