This update shows a short setup of sorts, reflecting why I shorted SPX and SOX yesterday. We are not yet in the realm of clear short setups, but this one…
From NFTRH 843's Sentiment segment: Indeed, the market is resetting itself from over-bearish, should the play be another drive upward and potential bull blowoff. Note that the short-term risk summary…
Defensive sectors like Healthcare, Consumer Staples and Utilities are ticking new highs as the market rotates Market rotation was a theme running through NFTRH 824 last weekend. As recessionary pressures…
A daily chart update on the 3 main items. SPX is looking for support at point 'B'. After that there is a gap (not marked) at the next support area…
The preferred plan having been a mid-summer correction of routine or impulsive (emotional) degree. The market has selected 'B', impulsive. This morning in 'pre', the indexes are trying to muster…
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…
Just because I happened to be working on the (weekly) chart and find the patterns interesting, I thought I'd pop the chart up here for your review. While sectors normally…
With respect to the US indexes noted in yesterday's update, the gaps have been filled, the market took the cue, bounced but then flopped today. However, as noted previously, unless…
The title of the update references 'if' you would short, because even if the market is going bearish, cash is position. Working against the short/bearish view is contrary bullish sentiment…
As a thought exploration evolving from the VIX pullback... If the VIX were to drop to an extreme test of its potential new uptrend, we'd be looking for the 19…
TSM moves higher, Semi sector toppy but intact In an NFTRH update on Monday I had expressed a view that the SOX index might have more downside as long as…
Just a moderate priority update, with picture of the US market leadership chain. SOX/NDX, NDX/SPX and SOX/SPX are all firm today and maintaining the 'intact' status noted in NFTRH 686…
NDX and SOX filler their upper gaps Ref. last Thursday's... Not in love with these gaps While SPX and DJIA are still working on theirs, the market leader (Tech) and…
US stock market indexes sporting gaps Gaps don't need to fill on any given time schedule, but unless they are pure breakaway gaps they will usually fill sooner or later.…