Godfather of Technical Analysis Speaks [w/ edit]

[edit] As the market bounces from what we showed to be heartily recoiled sentiment due to Corona-fear, let's edit into this TA post the final thought to NFTRH 588's Sentiment…

Comments Off on Godfather of Technical Analysis Speaks [w/ edit]

Micromanaging the SPX Daily Chart

Per NFTRH 587 and yesterday's post with respect to the Bearish Engulfing candle... "A word on daily chart candle formations… their efficacy is measured out in a day or two…

Comments Off on Micromanaging the SPX Daily Chart

S&P 500… Almost Too Perfect

The situation is playing out almost exactly to the plan that NFTRH established when SPX chose to hop over the the Bull Turnstile rather than halt for a second time…

Comments Off on S&P 500… Almost Too Perfect

US Stock Market Leadership Chain Intact

As per the 3rd item in this excerpt of NFTRH 581's Market Internals segment... ...the SOX>NDX>SPX leadership chain is and has been intact as the move in Semiconductors led the…

Comments Off on US Stock Market Leadership Chain Intact

SPX Reverses, no Gap Open

Personally, I feel a little weird playing chicken (or musical chairs) in being long this market while using gold and silver stocks as a balance. First, because I am expecting…

Comments Off on SPX Reverses, no Gap Open

Closer to a Christmas Eve Close-Out Sale?

The excerpt below is the brief Opening Notes segment from last Sunday's NFTRH 579. We've been compelled by the market to obey the bullish trends and have a bullish view…

Comments Off on Closer to a Christmas Eve Close-Out Sale?

Why, of Course!

Click headline, get article telling us about the new trade cheer. U.S. stock futures climbed early on Wednesday as investors took cheer from a report that Beijing and Washington are…

Comments Off on Why, of Course!

NFTRH; Market Status

What is different between now and last summer? Well, on the headline driven stock market, not much. Therefore, until there is technical damage I am not going to let media…

Comments Off on NFTRH; Market Status