NFTRH+; Not bearish
As we ping back and forth between the summer cool down (w/ potential liquidation) and the view of a resumption of the inflation trades I want to make a point…
Comments Off on NFTRH+; Not bearish
August 18, 2021
NFTRH+; US Stock Market (daily TA)
US markets are testing the short-term support zones as illustrated in NFTRH 625. SPX is settling into the first projected support zone at the EMA 20 and just above the…
Comments Off on NFTRH+; US Stock Market (daily TA)
October 20, 2020
NFTRH+; US Stock Market Technical Status Update
Why again do I not have the constitution to be a perma-bear? Dow counts 27805 reasons as it breaks through the EMA 20 and SMA 50. SPX has taken out…
Comments Off on NFTRH+; US Stock Market Technical Status Update
September 30, 2020
NFTRH; 3 US Headline Indexes (high priority)
This is one for the ages, this relief rally that is knocking on the door of becoming something more, all the while driving a lot of people absolutely nuts. That…
Comments Off on NFTRH; 3 US Headline Indexes (high priority)
March 1, 2019
Dow “Death Cross!!”… Case Closed
Over the years I've harped on about this. The media tout "DEATH CROSS" in fearsome headlines and then voila, a hard bounce happens to punish anyone who knee-jerked in response…
Comments Off on Dow “Death Cross!!”… Case Closed
January 24, 2019
NFTRH; US Headline Index Status: INDU, SPX & NDX (medium priority)
The S&P 500 turned down just below the 200 day moving average, the Dow broke above its SMA 200, turned down but is now testing it as support, and NDX…
Comments Off on NFTRH; US Headline Index Status: INDU, SPX & NDX (medium priority)
November 2, 2018
NFTRH; US Headline Indexes; Straight TA (priority: medium)
I can't emphasize enough how important it is for us to be open minded to future outcomes even while having favored views. We've done a lot of work on the…
Comments Off on NFTRH; US Headline Indexes; Straight TA (priority: medium)
August 20, 2018
NFTRH; US Stock Market Technical Situation
Yesterday’s hard reversal of Tuesday’s bullish move was an unpleasant development for the bulls but this morning, plucky as ever, they are back at it trying to bull the market again (SPX +13.50, NDX +27.50, Dow +87).
Recall that we were using the EMA 20s (orange dotted line on SPX and blue lines on NDX and Dow) as a key for the short-term. On Tuesday SPX and Dow popped above the EMA 20 but the NDX stopped right at it. NDX is a leader.
Comments Off on NFTRH; US Stock Market Technical Situation
May 12, 2016
US Stock Market
Reference a public post about momentum leader, the Biotechs, looking to go lower.
Fellow momentum leader SOX is potentially double topping…
Comments Off on US Stock Market
March 25, 2015
Market Update
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…
Comments Off on Market Update
February 20, 2015
NFTRH; Multi-Market Update
Well, here came the short covering rally in the precious metals. By calling it that I don’t mean that it cannot turn into something more, but today was most assuredly driven by short covering as the US dollar unwound some of its speculative sponsorship. One can assume that large speculators took it on the chin on both ends, in the USD and in gold/silver as the Commercial traders had been aligned increasingly bearish and bullish, respectively.
Comments Off on NFTRH; Multi-Market Update
October 6, 2014
NFTRH; INDU, SPX & NDX Status
A brief update on the headline US markets, namely the Dow, S&P 500 and Nasdaq 100.
Beginning with the latter, we note that Mark Hulbert’s Nasdaq newsletter writer sentiment data shows a very bearish sentiment profile, which is contrarian bullish.
Comments Off on NFTRH; INDU, SPX & NDX Status
September 30, 2014