NFTRH+; Gold/SPX
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,…
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June 15, 2023
NFTRH+; post-FOMC, gold on plan, SPX parameter
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…
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June 15, 2023
T-bill yield guiding markets to liquidation
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…
June 8, 2023
NFTRH+; SPX daily ‘management’ chart
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…
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June 7, 2023
Market Psych: It’s a bear market rally, but…
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…
April 11, 2023
Gold and SPX (GC & ES): Surprised?
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…
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March 27, 2023
New audio/video: SPX and some risk indicators; pleasure then pain
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…
March 23, 2023
Banking sector relative strength: there is none [w/ edit]
The banking sector is breaking down in relation to the S&P 500 [edit] SV Bank meltdown! Shows how closely I follow the news of the day. Obviously consistent with favored…
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March 10, 2023
A test of a new video feature I’ll add on occasion
Please pardon the blurry chart and the lack of anything more than a brief summary in the video. It's just a test of my first attempt at creating a presentation…
March 8, 2023
About that SPX/SPY weekly chart inverted H&S
Updating the S&P 500 (SPY) weekly chart inverted H&S situation What started out in December as a sort of 'man stares at chart' joke (weeks before it even activated)... S&P…
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February 22, 2023
NFTRH+; Here it comes
Gold is cracking below 1920 (currently futures are 1901). Silver is cracking out of consolidation below key resistance and also poking through the daily SMA 50 (currently futures are 22.95).…
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February 3, 2023
NFTRH+; Reviewing the plan for SPX
Daily & weekly charts of SPX SPX daily is on plan as it takes out the next resistance level and looks to fill the open gap at 4219. It would…
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February 2, 2023
NFTRH+; ES pre-market
A quick view of S&P 500 futures (ES). It has failed at the logical area (downtrending SMA 200) three times since early December. There are positive breadth and leadership signals…
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January 20, 2023
Run Huey, run! HUI/SPX ratio continues apace
The ratio of the HUI Gold Bugs index to the broad S&P 500 has rallied for 4 months Hmm, what could could this be indicative of? Beuller? Answers, from the…
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December 27, 2022