Thing 1 continues to emerge from its bull flag while Thing 2 is breaking down from its bear flag. Logical, eh? Macro dorks, have at
Tag: market indicators
Turns Out SPX Equal Weight vs. Headline Knew the Correction Was Coming
Well, it turns out that NFTRH was timely in resurrecting this indicator to highlight the divergence in equal weight SPX to headline SPX back on
NFTRH; A Few Macro Indicators to be Very Aware of Right Now
The recent journey has been out of a jittery summer filled with trade war anxiety, into a rally and breakout in the S&P 500 and
Mid-Week Market Internals
Random internal views for a Wednesday morning. Putting pictures to what is normally a color coded written NFTRH segment in order to save space within
The 2 Horsemen
Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a
3 Other Amigos Well Aligned
Just a light duty post to show you 3 different items that would travel together in a would-be reflation trade. This chart is probably over
Updating the 3 Metallic Amigos and the Macro Message
This morning in pre-market the Amigos’ futures charts update the macro story… …which goes something like this… Copper, the cyclical Amigo (weekly chart) has furthered
vs. Gold
No matter whether or not gold resumes its correction, as these ratios trend down the proper macro backdrop is in place for a bullish view
Silver/Gold Ratio Gets on its Horse
As if its ears were burning when I mentioned it in the previous post, the Silver/Gold ratio hopped on and is starting to ride this
Indicator/Internal Odds & Ends
A few NFTRH indicators and internals gauges. To save space we usually include a select 2 or 3 in the weekly reports and color code
Who’s Leading You Astray?
From NFTRH 537’s Market Internals segment… “Who’s leading you astray, nominal Junk or its hidden bearish indicators?” Junk has since made a new high. Whee,
The ‘Man in the Middle’ Loses Blue Sky
I am on record as leaning toward a seasonal rally (with the FOMC wild card stuck right in the middle of the deck), but it
The Consumer Foretold the Correction
The relationship between Consumer Discretionary (and its big Amazon component) and Consumer Staples is an indicator on risk tolerance vs. defensive behavior in the stock
A Progression to the 4 Horsemen of the Apocalypse
I preface this post about bearish indicators with a note that I am currently long only, in the form of SPY and IWM (while looking