A super simple look at the 3 major US indexes by daily chart... As you can see, the indexes dropped from the point of the post-BoJ hype burst right to…
Santa has finally arrived as the markets bounce from support levels we noted in NFTRH 374. Surprising? Not in the least. This low volume rise makes the market look like…
Reviewing the US stock market picture from a few different angles... NFTRH been using the Equity Put/Call ratio to gauge pressure on the US stock market for all of 2015. …
SPX bounced from the MA 200 and is using the 50 day moving averages as support. Key resistance is low 2130's. Key support around 2100. INDU is more bearish and…
Dow is up solidly today, but this is only bouncing it to the broken 50 day moving averages. SPX is up a smaller amount, which makes sense since it was…
Reference a public post about momentum leader, the Biotechs, looking to go lower.
Fellow momentum leader SOX is potentially double topping…
For the 2nd week in a row I'd like to forgo the regular ETF update in favor of a more conversational 'market status' update. We noted in NFTRH 329 that…
In part 1 we noted the gaps to start 2015 that were likely to fill, and in part 2 we updated the progress. Part 3 will close the series because…
Here is the progress of the 4 US indexes noted as we began our Gappy New Year... RUT is entering the support zone with the gap down below. NDX is…
It looked like a few rats tried to jump ship as the bell rang on 2014. But it is hard to trust any one day or week as a guide…
[edit] Post veers at little at the end, may require a couple reads... [edit2] Attn: Subscribers, material dovetails with market analysis in #318 [edit3] Charts are quite large; click for…
Today may or may not be the bounce that was expected off of the bearish developments last week. If so, or in the event such a bounce materializes this week I wanted to put some parameters down on the QQQ.
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.