SPX

NFTRH Interim Updates

NFTRH; Multi-Market Update

Well, here came the short covering rally in the precious metals.  By calling it that I don’t mean that it cannot turn into something more, but today was most assuredly driven by short covering as the US dollar unwound some of its speculative sponsorship.  One can assume that large speculators took it on the chin on both ends, in the USD and in gold/silver as the Commercial traders had been aligned increasingly bearish and bullish, respectively.

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October 6, 2014
NFTRH Interim Updates

NFTRH; INDU, SPX & NDX Status

A brief update on the headline US markets, namely the Dow, S&P 500 and Nasdaq 100.

Beginning with the latter, we note that Mark Hulbert’s Nasdaq newsletter writer sentiment data shows a very bearish sentiment profile, which is contrarian bullish.

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September 30, 2014
NFTRH Interim Updates

NFTRH; Multi Market Update

Gold stocks are down again today and it is now decision time (for the sector if not individuals).  That is because the parameter is to not make and hold a new low to the May low on a closing basis.  We noted that a bounce is possible and if it is going to happen it should happen around here, at the May low with a similar over sold RSI.  Either that or it would be broken with a lower low (that does not reverse quickly).

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September 22, 2014
NFTRH Interim Updates

Update; Market Update

HUI has clearly broken down from the bear flag.  As noted previously, these breakdowns usually see a decline below the start point, which was around 216.

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April 15, 2014
NFTRH Interim Updates

Update; TA on HUI & US Stock Market, Admin Note

Yesterday HUI did exactly what we asked it to do in order to remain normal to the current plan.  It dropped into the 224’s, filled the gap and has not made a lower low to the last green arrow.  So it remains in a baby uptrend.  I would not get too concerned about reading a rising wedge into a 30 minute chart, but it is inserted regardless to again play Devil’s Advocate.

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April 8, 2014
NFTRH Interim Updates

NFTRH Update, US Stock Market

[edit]  Pardon the ads on these posts, but I have finally made the decision that public site readers can put up with some ads at the site, given the amount of information they get.  I am not able to disable ads for private posts but as always, all premium updates will be delivered right to your inbox, add free. 

The reversal in US markets is coming after a period of under performance by large tech stocks and the momentum darlings like YELP, FB, TSLA, and of course, my personal whipping boys, the 3D Printers.

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April 4, 2014
NFTRH Interim Updates

NFTRH Update, US Stock Market Setup

The ‘bounce’ has been more powerful than I thought it might, bringing the prospect of the next up phase – indeed a potential melt up phase – into the picture.  But one leader has been negatively diverging the rally of the last week…

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February 13, 2014
Notable Public Posts

S&P 500 & Gold Stocks, Mirror Manias

We have been working a theme lately about the mania going on in US stocks (some valuations are not overly manic but policy sure is) and also the one going on in the mirror (a fun house mirror at that) in the ugly precious metals sector.

We are in a time of utter reverence for great and powerful Oz-like people doing not so great things to the rates of interest that would be paid to savers and prudent people (Zero Interest Rate Policy or ZIRP), and doing wonderful things for leverage (substance) users, speculators and asset owners (MBS and long-term T bond buying).

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November 27, 2013