NFTRH+; good cop, bad cop updated
Good cop (QQQ/SPY ratio) is holding the bull flag and turning up. I assume the happy stuff out of Microsoft is boosting spirits. Reference the original Good/Bad cop update. In…
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April 27, 2023
NFTRH+; Two US stock market signal ratios (a good cop and a bad one)
A quick look at two items, the guide for a bullish market (QQQ/SPY, also noted in NFTRH 754) and XLV/SPY (which is a defensive sector vs. the broad market and…
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April 24, 2023
ES and NQ; follow the leader
ES and NQ are set to each tick a new rally high ES and NQ are laggard and leader, respectively. ES (S&P 500 futures) wants to follow its leader in…
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April 18, 2023
NFTRH+; if this is a bear flag…
If SPY's daily chart has been rising in a bear flag after testing the key December low, then we'd have to think about calling an end to the Q4-Q1 rally,…
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March 22, 2023
NFTRH+; Sector relative performance (important update, IMO ;-) [w/ corrective edit]
Here on Fed day I want to talk about things other than the Fed and its upcoming .25% rate hike. We have not reviewed sectors relative to the S&P 500…
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March 22, 2023
NFTRH+; USD, Gold/’Inflation’ & Goldilocks
A short snapshot of a couple items for your review. The USD index (DXY) is testing the SMA 50 right now. It never made it to our target at the…
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March 13, 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
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
QQQ/SPY Ratio; another long-term indicator trend in trouble
The ratio of big Tech (QQQ) to the broader market (SPY) is in danger of making a secular top The log scale monthly chart (displaying percentage changes) shows a channel…
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January 6, 2023
SPY vs. SP… err, TLT
Headline US stock market ETF vs. headline US Treasury market ETF The daily chart of the SPY/TLT ratio shows the broad US stock market (incl. dividends) clinging to its major…
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December 15, 2022
US stock market volume profiles are not impressive
As the stock market's sentiment relief rally has labored on, volume has diverged It's not usually a good sign when an index, ETF or individual equity rises on diminishing volume.…
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November 28, 2022
NFTRH+; if you are considering shorting…
If you, like me, think about shorting (in my case it would be against some long positions) here are a couple charts and some parameters for consideration. The caveats to…
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November 25, 2022
NFTRH+; a nice chart that is right in the wheel house of the preferred macro view
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…
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September 22, 2022
NFTRH+; Growth/Value & Tech/Broad
After adding GOOGL this morning to go along with other items I consider somewhat negatively correlated to long-term yields (DVAX, TWST, ZM, META w/ MSFT on priority watch) and thus,…
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July 20, 2022