US stock market (SPX daily chart) heads for projected bear rally extremes Frankly, this is 100% on plan for the Q4-Q1 party, but I did not have a clear view…
Nominal daily HUI is doing as projected, testing the resistance level that coincides with the SMA 200. The bad? It's clear resistance. The good? It's a gateway to a potential…
Gold/Oil and Gold/SPX are important for a positive view of gold mining. Gold/Oil is a direct sector fundamental measure of the gold mining product vs. a primary mining cost driver.…
A couple of HUI ratio charts of note. HUI/Gold (GLD) ratio continues to hold up, T-minus 1 week to FOMC. HUI/SPX ratio holds up as well. With increasing signs of…
The downside target for SPX has been 3200 +/-. It closed at 3678 yesterday after a bounce. This morning the futures (ES) are up 2.22%. Could the bullish plan, as…
All due caveats about the men who stare at these things... SPX sports something of a Diamond formation, which is little more than a consolidation pattern with no firm implication…
Gold/SPX (GLD/SPY) ratio still bulling Here we have an important view underneath the market's surface, eh? For "best of breed" top down analysis of all major markets, subscribe to NFTRH…
Today could be the start of a contrary relief bounce in a wide range of markets, including precious metals. I had thought that FOMC might bring something like that as…
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to…
The inflation hysteria - despite the actual mechanics of inflation, like True Money Supply and Fed policy that bloated it - are in the rear view mirror. What is so…
Even as silver continues to lead gold, check out gold (GLD) vs. SPX (SPY). The pattern is an inverted H&S, which would be a bullish reversal if it continues to…
ES (daily) has failed oh so logically at the downtrending SMA 200 (orange), bounced to test resistance, failed again and now grapples for support. This is a bear market chart…
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[edit] take the RRG as a novelty. I think I just took the relative strength of a relative chart. Sorry about that. I just realized that RRG automatically measures any…
It is still summer silly season and as such it would not be surprising for ES to hold support here and take one more lunge upward during the pre-FOMC time…