A bullish looking daily chart pattern appears… Also of note is that daily RSI has gone positive on all items, as has MACD on all but AAXJ. A key is for the pattern to hold the 50 day averages in each case. But a couple of them have nearby gaps below. Here is the pattern on the Emerging Markets fund, EEM. Here it is on … Continue reading A Pattern Shows Up in Multiple Places
I took my profits a while back as part of a rebalancing, but today the target for NFTRH+ swing trade idea REMX is officially in. Ref. A Nice Bottoming Pattern from November 4th. Here is the weekly chart from that update, which was produced in a timely manner just before it broke the Inverted H&S neckline. I have not drawn it in but there is resistance … Continue reading REE Fund Hits NFTRH+ Target
We’ve been tracking the Lithium fund (not at all a pure play on Lithium, by the way) all along and put it on radar more acutely along with a couple of premier Lithium stocks back in the holiday abbreviated (read: more fun for me to write) editions of NFTRH. Here’s the weekly chart of LIT (the featured image above is a daily) as it stands … Continue reading A Couple Commodity Outliers Make Moves
Per NFTRH 552’s Commodities segment on Sunday: REMX is testing its December Low. Downtrend in force. Can bounce. Ha ha ha… of course it can bounce. All the way up to its 50 day moving average, within its downtrend. China’s Xi offers a potent trade reminder with visit to rare earths hub Man, machine, black box, robot, algo, casino patron and maybe even Ma & … Continue reading The Market We Have, REE Edition
You may recall that ‘outlier’ commodities Lithium and REE’s took off together earlier in the year and the advice was that if you are a “Lithium head” (or REE head) it would be best to wait for a pullback.
A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…
GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180. Over sold, prone to bounce but technically bearish below 120 and 123.