Were AAII & II right? [w/ edit]

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 above the dashed (tentative) support line and should hold that to keep the theme in play. NFTRH 702 reviewed the bearish weekly charts of the main US stock market indexes. It’s not that I wanted … Continue reading Were AAII & II right? [w/ edit]

NFTRH+; With AAII & II sentiment in the dumps…

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 nod by adding QQQ. Of course, it’s just a man staring at a chart and imagining a bullish pattern. But the market is so psychologically intense that I find myself not at all sure that … Continue reading NFTRH+; With AAII & II sentiment in the dumps…

NFTRH+; Using ES & NQ as examples

Using the S&P 500 and Nasdaq 100 futures as examples, let’s bring the US market correction up to date. Monday played out to one option we had noted, which would be for a Monday morning swoosh down under pressure of margin calls and chart breakdowns, before a potential in-day reversal. We noted that if it did not reverse, bear signals would be in place (as … Continue reading NFTRH+; Using ES & NQ as examples

NFTRH; 2021 Day 3 (a look at the futures)

A look at this morning’s futures with brief thoughts on each. The US dollar index is down again, to 89.38 with the next support target at 88 +/-. That is a long-term support zone not visible on this daily chart. USD is what has made the global stock rally tick. Lately gold and silver have been getting back on board the anti-USD trade. The metals … Continue reading NFTRH; 2021 Day 3 (a look at the futures)

NFTRH+; Precious Metals & Stocks Are Perfect

The perfection is in the fact that one is getting brutalized by the optimism breaking out everywhere (Media serve up everything from vaccines to the presidential transition to the appointment of Janet Yellen as Treasury Secretary) and the other is factoring only the good news into its bullish optimism. It is perfect because if you’re a gold bull, you do not want to be running … Continue reading NFTRH+; Precious Metals & Stocks Are Perfect