SPX bounce underway, but resistance upcoming This article discusses one diverse component of the broad global markets; the US S&P 500. The market has some poor underpinnings that we routinely…
As the USD continues to recover after grinding support a couple days ago and the Gold/Silver ratio continues to bias bullish (ref. yesterday's pre-market update), let's take a look at…
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The S&P 500 is on track to our original plans in that it is currently testing the first key level, which is 4300 (+/-) at the August high. Lose that…
The 3 month T-bill yield is still excessively divergent from the 2 year Treasury yield If the history of this chart holds true that means that despite whatever bullish fun…
The Goldilocks Rally, led by Tech/Growth stocks, motors on [edit] No sooner was this posted than Q1 GDP was revised upward from 1.2% to 2%. It's stuff like that that…
As the 10yr-2yr yield curve inversion plays out, the time is coming for a turn in fortunes Before proceeding, I'd like to remind you that this article is not written…
The stock market (SPX) as adjusted by gold was in a real bull market until 2000, was in a fake bull market during the times it rose from 2001 to…
With reference to the earlier update, Gold/ES is still below the support line and trying to put a tail on its candle to consider undoing the breakdown. Of more importance,…
Gold held below the SMA 50 (ref. NFTRH 761) and is dropping post-FOMC because, of course it is! It's FOMC week and the Fed is talking tough and the inflation…
The 3 month T-bill yield continues to signal oncoming bear market Look, NFTRH projected the rally back in Q4, 2022. Therefore, this post is not coming from a perma-anything. It…
NFTRH 760 used a weekly chart, so today let's dial in the daily view for some good perspective on the current situation. While we are open to a rise all…
The job of the bear market rally is to reset sentiment to briskly over-bullish Using the SPX weekly chart to illustrate some points about this bear market rally, which will…
Gold and SPX (ES) are doing what a sentiment relief bid would do The supposed banking "crisis" is an excuse to spur over-bearish sentiment into what I think may be…
The S&P 500 (weekly, log scale) and a few of its risk indicators Progressing along and gaining a comfort level with this medium, here is the latest macro blurb to…