Equal weight SPX negative divergence

The Equal weight S&P 500 has been negatively diverging headline SPX for months Here is Exhibit A about why you can see something negative but you need to temper how…

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The picture brightens, as if on cue…

Ref. yesterday's post with the oh so pensive trader with a southward pointing chart over his shoulder. Today it is a brighter picture as two calm gentlemen go about their…

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Two of four gaps filled

NDX and SOX filler their upper gaps Ref. last Thursday's... Not in love with these gaps While SPX and DJIA are still working on theirs, the market leader (Tech) and…

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Not in love with these gaps

US stock market indexes sporting gaps Gaps don't need to fill on any given time schedule, but unless they are pure breakaway gaps they will usually fill sooner or later.…

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Gold vs. SPX (GLD/SPY)

Rah rah sis boom bahhhhh, gold explodes higher vs. stocks! And buggish cheer leaders are of course micro managing it. One day perma-bullish squirrel finds nut.* Is today that day?…

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Semiconductor sector leadership updated

The Semiconductor sector appears to be re-taking leadership The broad Semiconductor sector is hinting to take back its leadership over big Tech and possibly the broad SPX as well on…

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NFTRH+; Today’s market

Quick pics and brief comments. SPX recovers to near an all-time high after a sentiment micro-twitch, NDX ticks a new high and SOX recovers above the SMA 50, regardless of…

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Gold miners have done what they should do

The gold stock correction was readable, and now it is maturing One tool we used a year ago was the out of whack state of HUI vs. the Gold/SPX ratio.…

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NFTRH+; Not bearish

As we ping back and forth between the summer cool down (w/ potential liquidation) and the view of a resumption of the inflation trades I want to make a point…

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