In addition to the macro work done in NFTRH 922, I'd like to do micro work on some sectors going forward. Let's start with the Semiconductor sector, our long-time leading…
Precious metals risk/reward now positive as the Gold/SPX Ratio declines to target Risk in gold, the miners and especially silver was nosebleed high back in January. So much so that…
I started an entry in the in-day notes, but realized it was going to go on long enough and in enough detail that an NFTRH+ update would be more appropriate.…
NFTRH 917 This report started out like any other. A geek doing his geek-like thing, managing what has been a thus far successful market phase. But as the report wore…
The Semiconductor Bubble is about over-valuation and momentum, outstanding fundamentals will not stop the correction to come Note: Never will you read one word of my material that has been…
Macro shifts in favor of commodity related stocks This is not Grandpa's macro, and these are not Grandpa's commodities. The traditional commodity complex has shifted to more critical status, amplified…
The Semiconductor Equipment sub-sector is the bedrock, the picks and shovels of the Semiconductor industry. Semi companies - especially the makers of this expensive manufacturing equipment - have taken a…
We have been tracking the loss of leadership by the Semi sector, at the front end of the SOX > NDX > SPX leadership chain since the cyclical indicator's top…
Semi led Tech in Q4, 2022 and Tech led the broad after that, but now the Semiconductor index, the leader, is showing signs of weakness Is the negative divergence in…
The NFTRH view has been for a macro transition from inflation (past) to 'Goldilocks' (present) to deflation (later) Since projecting the Q4-Q1 broad market rally back in November, we have…
US stock market leadership using SMH > QQQ > SPY This is a chain I have generally liked to see intact over the years if I am going to be…
The Semiconductor sector is one of my favorite sectors for reasons we have covered over the last few years. Generally, it boils down to the fact that Semis are the…
As the Biden administration obsesses on faulty and fantastical green initiatives (and all that carbon needed to implement them), the US is falling behind in the critical Semiconductor space This…
I had held AMD in Q4 2021, and when I saw NVDA start to slide ugly I noted in NFTRH that it and my AMD holding could flash a negative…