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,
Tag: market indicators
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
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