SPX

Notes From the Rabbit Hole
Stock Market, US

NFTRH; SPX… where we are at

SPX monthly has put a long tail on its candle that had poked down below 2200. The best correction target is the 50% Fib at 2030 to the 2100 support…

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March 27, 2020
Read more about the article Has SPX finished its downside business?
Stock Market, US

Has SPX finished its downside business?

Our noisy weekly chart has chronicled the index since it took out the Bull Turnstile (i.e. it decided to take out the red dashed trend line) and made its upside…

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March 16, 2020
Read more about the article SPX big picture monthly view
Stock Market, US

SPX big picture monthly view

Here is how we have been viewing the situation in the S&P 500. For months now (since October and/or November when SPX hopped the Bull Turnstile) and as SPX climbed…

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March 11, 2020
sentiment indicators
market sentiment

Fear is out of whack

The VIX is at the junction of the 2008 turn from hysterical fear to relief. That's fine, the COVID-19 scare and its economic implications are considerable. But when viewing VIX…

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March 10, 2020
Notes From the Rabbit Hole
NFTRH Interim Updates

NFTRH; SPX, Gold Miners and more

Yesterday's projected open for SPX during pre-market was 2827. Today it's 2850. That was a lot of noise and angst for going basically nowhere in the last 24 hours. Weekly…

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March 10, 2020
Notes From the Rabbit Hole
NFTRH Interim Updates

NFTRH; Opportunity at Hand?

To answer the title's question, it feels climactic, with crude oil now leading the charge in the Bear Olympics race to the bottom. -24% in a day. That is breathtaking.…

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March 9, 2020
Notes From the Rabbit Hole
NFTRH Interim Updates

NFTRH; SPX is Driving the Bus

From yesterday morning's update... "So who’s driving the bus, SPX or DJIA? I don’t have that answer, but until the herds stop stampeding we would do well to respect what…

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February 27, 2020
Notes From the Rabbit Hole
NFTRH Interim Updates

NFTRH; Gold, Silver, HUI & US Stock Market

NFTRH 591's Opening Notes segment detailed an intact but at risk stock market and a bullish gold miner view, concluding with this... "The nearer-term pictures will likely include a lot…

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February 26, 2020