I don't write the title because the precious metals took off today on the bad jobs report. Far from it. That is what gold is supposed to do under such…
We looked at the precious metals miner ETFs on Tuesday and the status there has not changed. They are still below the EMA 12 & 20 but trying to hold the 50 day moving averages, which means they are still in short-term downtrends and intermediate up trends. For my part, I added a couple items on downside activity (explorer/developer PG.TO just above its MA 200 & royalty/streamer SLW at its MA 50s) but also still hold the DUST and JDST hedges, as noted in the NFTRH 397. This hedging, which sometimes proves unsatisfying could last hours or days. As noted in the previous update, the struggle to hold the MA 50s will decide whether it will have been a quick correction or something deeper.
Our doggie (Spike) back from his adventure, it was time to settle in and write a good, comprehensive report on the financial markets. So I did; 40 clear and actionable…
Last night's post on the US stock market ended as follows: "As far as the Fed and its puny rate hikes are concerned, that is irrelevant. This market is flipping…
Any questions? SEMI's April Book-to-Bill... Very much in line with the AMAT quarterly Chirp, SEMI notes 3D NAND as a driver, along with China. The implications, folks, are going to…
The following is the opening segment of this week's Notes From the Rabbit Hole, NFTRH 396. The report also covers, in detail, the technical status of US/Global stock markets, precious…
Okay, I'm pooped. No promo. :-( [edit] Well yes, there is a promo. It's from subscriber Joe F: "So fucking good." Subscribe to NFTRH Premium for your 25-35 page weekly…
[edit] Enter the Draghi... sorry for my naivete. I was out most of the day and for the life of me could not figure out how that jobs report launched…
Euro 50 Flips Draghi the Bird, S&P 500 Fails at a Key Parameter, Semi's are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market Markets Had Been…
I continue to believe the semiconductor sector is setting up to disappoint those who buy it as a momentum-based market leader. That is due to fundamentals we discussed previously. As…
We reviewed some preliminary negative economic implications from the fundamental side of the Semiconductor sector in an NFTRH update yesterday. As you may remember, the Semi sector compelled me to…
[edit] I neglected to include the link and this quote... "Year-to-date, the bookings and billings reported in the SEMI North American equipment book-to-bill report indicate a solid year for the industry,"…
NFTRH 355 takes the balls in the air, tops spinning on the table and the up and down market whipsaw and attempts to distill it all into a sensible narrative…
Well folks, they never make it easy do they? As of now the SOX is firm as apparently the Intel hype could not break the chart (though it did put…