hui gold bugs index ratio to s&p 500 (HUI/SPX ratio)

Run Huey, run! HUI/SPX ratio continues apace

The ratio of the HUI Gold Bugs index to the broad S&P 500 has rallied for 4 months Hmm, what could could this be indicative of? Beuller? Answers, from the positive to the possibly interim mitigating, are all over my public articles, and in more strategic detail in NFTRH. But suffice it to say that plans are intact at this time. For “best of breed” … Continue reading Run Huey, run! HUI/SPX ratio continues apace

S&P 500 index, us stock market (SPX)

S&P 500… beauty, eh? [w/ edit]

Imagining a bull pattern on the S&P 500 [edit] I neglected to mention another factor in support of the imaginary bull pattern below. That would be the divergent RSI (and MACD) higher lows at the recent market price lower low. Okay bears, hang onto that ball now… bulls are ready to take your ball and then chase you around the playground giving wedgies (no pattern … Continue reading S&P 500… beauty, eh? [w/ edit]

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NFTRH+; Key juncture in these indexes

With respect to the recent analysis noting the downside gaps that could fill in the short-term (before any resumption of the relief party, if applicable this year) here are daily charts of the three most major US stock market indexes… SPX filled its gap yesterday and as noted in the run up to this point it now should hold a higher low to the November … Continue reading NFTRH+; Key juncture in these indexes

S&P 500 (spx) daily chart

After FOMC Nothingburger SPX still on plan

The US stock market will make an up or down decision on the very short-term while the larger relief rally is still intact Yesterday as they bulled the markets on the November CPI report’s disinflationary whiff (ha ha), I noted my short positions against SPX and DJIA and how the sentiment relief party may have been ready to resume. Well, not so fast. A reversal … Continue reading After FOMC Nothingburger SPX still on plan

s&p 500 (SPX)

The US stock market (SPX) is also… you guessed it, on plan

US stock market (SPX daily chart) heads for projected bear rally extremes Frankly, this is 100% on plan for the Q4-Q1 party, but I did not have a clear view on which gaps were going to get filled first, the upper or the lower (per the SPX daily chart below, which has been our guide in NFTRH each week). Hence my hedging, which I am … Continue reading The US stock market (SPX) is also… you guessed it, on plan

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NFTRH+; multi ways to view HUI

Nominal daily HUI is doing as projected, testing the resistance level that coincides with the SMA 200. The bad? It’s clear resistance. The good? It’s a gateway to a potential bull phase. Also Huey has come to this point and is not overbought because of the volatility on the way to this point. Here are Huey’s daily chart ratios to gold (GLD) and the S&P … Continue reading NFTRH+; multi ways to view HUI

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NFTRH+; Status of two important gold ratios

Gold/Oil and Gold/SPX are important for a positive view of gold mining. Gold/Oil is a direct sector fundamental measure of the gold mining product vs. a primary mining cost driver. Gold/SPX is a ‘macro’ fundamental that would indicate a shift in wider investor sentiment to gold and by extension, the gold mining sector. Using associated ETFs… Gold/Oil (GLD/USO) has been bouncing and has now taken … Continue reading NFTRH+; Status of two important gold ratios

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NFTRH+; two HUI ratios, plus

A couple of HUI ratio charts of note. HUI/Gold (GLD) ratio continues to hold up, T-minus 1 week to FOMC. HUI/SPX ratio holds up as well. With increasing signs of economic deceleration the question is if/when the Fed will decide that the economic damage to come will outweigh inflation fears. I think the Fed is a manipulative and downright damaging enterprise, but I don’t think … Continue reading NFTRH+; two HUI ratios, plus

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NFTRH+; a head start on our new plan?

The downside target for SPX has been 3200 +/-. It closed at 3678 yesterday after a bounce. This morning the futures (ES) are up 2.22%. Could the bullish plan, as first outlined on Oct. 2nd in NFTRH 725, be starting ahead of schedule? We have wanted to see support (and preferably the 3200 target) marry sentiment and some hopeful news (mid-term elections, earnings, etc.) to … Continue reading NFTRH+; a head start on our new plan?

Man stares at SPX chart, sees S/T consolidation pattern

All due caveats about the men who stare at these things… SPX sports something of a Diamond formation, which is little more than a consolidation pattern with no firm implication of bullish or bearish (according to the TA handbook*). It’s merely a decision point. If the recent bounce was ‘A’ of a small A-B-C bear rally, the green arrow will hold true (potentially to the … Continue reading Man stares at SPX chart, sees S/T consolidation pattern

Gold in relation to broad US stocks (SPX), fyi…

Gold/SPX (GLD/SPY) ratio still bulling Here we have an important view underneath the market’s surface, eh? For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a … Continue reading Gold in relation to broad US stocks (SPX), fyi…