NFTRH 333 Out Now
Just moving along in 'swing' mode, doing what the markets tell us to do and not trying to force anything. Simple, but it works.
Just moving along in 'swing' mode, doing what the markets tell us to do and not trying to force anything. Simple, but it works.
Employment for February is +295,000 and unemployment is down to 5.5%. The US dollar rocketed upward and more importantly, so too did short-term interest rates (esp. in relation to long-term…
US Stock Market
Nasdaq hit 5000, market sentiment became over bullish to an extreme and yesterday was a down day. Indexes put a tail on their candles and closed above the low of the previous day. SPX was the worst potential offender of the major indexes yesterday. Had it closed below Monday’s low we’d have noted that as short-term bearish.
332 is a good one. They all have been lately in my opinion. I know that because each week doing the work in these reports (and in-week updates) helps orient…
This week NFTRH moves further from the lunatic fringe and into conventional market analysis with lots of talk about relative global stock valuations, using P/E ratios and currency movements as…
330 does some opinion making on gold sector perceptions and then buttons down to some interesting market analysis covering the usual suspects; US and global stock markets, commodities, precious metals,…
A snapshot of current daily technicals…
Precious Metals
GLD continues to rise toward the measured target around 128, where it would be over bought. Support is 117 to 119.
Stock Markets The US market is now just about at the limits of a 'bounce' vs. 'bull continuation'. Using SPY as an example. Junk bonds, while still in a downtrend,…
A snapshot of current daily technicals…
Precious Metals
GLD broke up from the pattern neckline and smashed through the SMA 200. That area around 120 is now key support. Upside target measured off the pattern has been around 128, where it would be very over bought.
As if it were as easy as all that the market looks like it is trying to find support after we noted its state in pre-market. It is not as…
A snapshot of current daily technicals…
Precious Metals
GLD broke back above the first key support level. 120-122 will be a big test. A rise above 120 would put in a short-term higher high to go with the recent higher low. 114 is where key support begins.
First report of 2015 and it seems to be well grounded and on plan. This one helped me personally to qualify and quantify my views as to where I think…
NFTRH 323 ends the year in the same fashion as we began, calmly portraying what is in play within the market's swings, laying out probabilities and honestly interpreting what the…