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
Tag: market indicators
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
SPX/Gold Ratio, Long-term Yields & Yield Curve (3 Amigos Updated)
It has been a long while since the last Amigos update because frankly if the characters, images and shticks I invent to portray market status
Who is Lying, BKX/SPX or Inverse Gold?
[Warning: confusing post alert!] The BKX/SPX ratio (Banks vs. the broad stock market) used to be a consistent traveling companion to the inverse of the
S&P 500 vs. Gold (AKA Amigo #1); a Closer Look at Risk
Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum’s ™ limiter (the 100 month
A Macro (Amigos) Update for Mid-Summer
You have better things to do than read droning macro analysis or long, drawn out investment theses. It is a weekend in the dead of
3 Amigos (SPX/Gold, Long-term Yields & Yield Curve) Updated w/ edit
It has been a while since we’ve had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with
The Continuum ™ Updated
We have watched every step of the way as the 10yr yield hit and now crossed through its target of 2.9%. But what of the
Still Only 1 of 3 Macro Amigos to Destination
[Article edited/updated from original] It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to
NFTRH; Update on the Metallic Indicators
In line with a near-term bullish theme come the cyclical vs. counter-cyclical metal indicators. The most important, due to its multiple cyclical metals is the
As the Macro Turns…
We began months ago, noting the 3 Amigos destined for their goals. Here’s a post from November 2017 explaining the macro fundamentals involved: Updating the
NFTRH; Metallic Indicators Updated
It’s the metallic indicators again, doggedly refusing to negate their bearish turn. Thanks to subscriber Joe for giving me the heads up on this. The
NFTRH; Metallic Indicators Not Convinced
Well, it’s just a day. But after the big bounce back in stocks one set of indicators is not confirming the big upward burst. I
NFTRH: Metallic Cycle Indicators Updated
It is FOMC day with new Chairman Powell poised to deliver a rate hike and initial press conference (if I were him I’d talk a