As posted at Biiwii... Improving Macro Backdrop In light of a shifting global macro backdrop that we can finally sink our teeth into with respect to a bullish orientation on…
There is a lot happening across global financial markets. We go in depth into US stocks, review global stocks, make sharp points about commodities, cover macro indicators in depth and…
US Stock Market The stock market is down again in pre-market. We are at a point where technicals will start breaking down or another big bounce reversal will begin. For…
With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some NFTRH monthly charts.
Let’s start with currencies, since they are a reflection upon global policy making, which has been unprecedented in its direct market interference over the last few years.
Nominal Charts – Currency
We noted the hot air patch in the Canada dollar last year. I had thought CDW might stop and find support at 85, which is a measurement from the topping pattern; but so far, no dice.
Fellow commodity currency Aussie is at what should be a strong support zone.
[edit] evidently my uninformed use of stockcharts.com’s symbol for the Rupee is incorrect. I have had input that this chart is an inverted view of Rupee-USD. Looking into this.
Gold poked above the SMA 50 and 1200 level. This is its minimum requirement to get bullish. Above 1240 and then 1260 would be very constructive. Gold has taken on…
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in…
[edit] okay now they are flirting with abnormal I know it sounds weird on a day when gold bugs are being scattered back down Hamburger Hill, but gold (GLD) is…
Just an FYI that silver is still leading gold on the short-term and the ratio is above the 50 day moving average.
US Stock Market
After a whipsaw on Tuesday the market made a hard move down yesterday. Amid degrading indicators like bond spreads and sentiment, the Dow and S&P 500 declined over the last 3 days from all time highs.
Our parameters between normal and abnormal are very tight. Let’s check up on them.
Gold vs. Oil... Silver vs. Oil... Gold vs. Commodities... And finally, an important one; Silver vs. Gold...
For some downtrodden items, that is. A downturn in the GSR and its fellow horseman the USD could provide some relief for the markets that have done the most poorly…
Actually it was out much earlier but I had to get it in the can and run this morning. So now I am back and here to tell you that…
With what little bounce activity gold and silver had experienced by Tuesday (CoT cut off date), the data show a jump in large speculators' active bearishness and commercial entities longing…
Originally posted at Biiwii.com; thought I’d pop it up here as well.
Below is a summary of some of the aspects we follow in NFTRH to gauge a future investment stance on the gold sector. It is much more complex than simply hearing dogma that seems to make sense and then holding on for dear life…