As we work through the Santa seasonal and into the post-tax loss January effect *, the S&P 500 lurks below the target of 6180 (currently 6020 after having hit a…
The ratio of gold stocks (GDX) to broad US large caps (SPY) has work to do to recover However, recover I believe it will. Before the election the GDX/SPY ratio…
GDX made a fake breakout above the top line of a wedge, which is not a typical "bearish" rising wedge because it formed during an uptrend, not within a downtrend…
The ratios of gold to stocks (SPX) and the miners to stocks (SPY) are still intact to the rally theme There are of course macro and sector fundamentals and nominal…
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…
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The gold stock sector is on the verge of taking back the macro, and taking leadership over the broad SPX This post is prompted by a post I saw on…
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…
In a word, yes. But first, bad market breadth will likely be… bad Excerpted from last weekend's edition of Notes From the Rabbit Hole, NFTRH 815: A subscriber sent me…
Is this it? "It" being the long anticipated correction to clear the pipes of an over-bullish market? Perhaps for a final drive into or through the election? Maybe. Let's look…
As GDX breaks out of the nose of the Symmetrical Triangle, strongly hinting that assuming this is not some sort of bull trap, the long-standing target of 40 (+/-) is…
As noted in the trade log, I not only held my short positions on SPX and SOX despite yesterday's climb above resistance the SMA 50, I also added a short…
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[edit] I was surprised to see NDX and SOX positive when I checked them out in the update. But the charts were not yet showing today's candles. Please disregard the…
March CPI was not a surprise and markets' reactions to it are not so surprising either. Markets - especially those areas that became overbought recently - are pulling back with…