As you know, one of our most important market indicators is a simple view of the Semiconductor sector as a leader of the broader US stock market. SOX/NDX and SOX/SPX.…
From NFTRH 843's Sentiment segment: Indeed, the market is resetting itself from over-bearish, should the play be another drive upward and potential bull blowoff. Note that the short-term risk summary…
GDX made a fake breakout above the top line of a wedge, which is not a typical "bearish" rising wedge because it formed during an uptrend, not within a downtrend…
Defensive sectors like Healthcare, Consumer Staples and Utilities are ticking new highs as the market rotates Market rotation was a theme running through NFTRH 824 last weekend. As recessionary pressures…
A daily chart update on the 3 main items. SPX is looking for support at point 'B'. After that there is a gap (not marked) at the next support area…
The preferred plan having been a mid-summer correction of routine or impulsive (emotional) degree. The market has selected 'B', impulsive. This morning in 'pre', the indexes are trying to muster…
With respect to the recent analysis noting the downside gaps that could fill in the short-term (before any resumption of the relief party, if applicable this year) here are daily…
Today could be the start of a contrary relief bounce in a wide range of markets, including precious metals. I had thought that FOMC might bring something like that as…
Yesterday SPX filled the gap we've had on radar for months. But there is another daily gap at 3330. Now that a bear market is likely in progress we can't…
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Two extreme sentiment indicators said 'rally' [edit] Okay man who stares at chart, make a post in pre-market and see the thing reverse at open. NQ chart below is still…
Considering the flat out epic over-bearish AAII sentiment reading and the nearly as extreme Investors Intelligence, I decided yesterday to give this chart from NFTRH 702's Market Sentiment segment a…
Man stares at NDX chart, sees RSI/MACD divergence It's far from the most important news in the world, even financial market news. Indeed, NDX has a case for an eventual…
In case you've not watched the Trade Log, I sold 3X Tech short ETF SQQQ in part because I don't want to be greedy, in part because it all just…
The title of the update references 'if' you would short, because even if the market is going bearish, cash is position. Working against the short/bearish view is contrary bullish sentiment…