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, inflation, I thought I’d put up an update about this rebalancing from an ‘inflation trade’ allocation (although commodity related NOG, MOS & NTR have also been added back recently) to more of a contrarian ‘Goldilocks/disinflation’ … Continue reading NFTRH+; Growth/Value & Tech/Broad

Banks/Broads in the face of elevated L/T yields

Not very happy signaling from the Pigs Neither nominal KBE… …nor the KBE/SPY ratio are looking very good in the face of rising yields. Indeed, KBE above is in a nasty looking pattern as it stands now. The banks are normally thought to benefit from rising yields, but I think a ‘carry’ on the short end is busted. But then again, you could view the … Continue reading Banks/Broads in the face of elevated L/T yields

Precious metals ‘vs. SPY’

Gold, silver and the miners in relation to SPY/SPX We all know that gold and its fellows have bottomed (minor or major)* vs. broad stock markets, and below is a daily chart pictorial view showing the impulsive bursts upward off the lows (relative to SPY) by gold, silver and the miners. The caveat is the shirtless man on the Ukraine border, associated media ‘war drums’ … Continue reading Precious metals ‘vs. SPY’

NFTRH+; even if this is not ‘THE’ gold stock rally…

I’ve increased the ratio of gold stocks to non-gold stocks in the portfolios today. Added were AEM and BTG (to go with GBR.V, MAI.V, GBRR.V, OGN,V, SSRM, WDO.TO and GDX) while a few regular stocks were removed to take profits and limit losses, but also to change the balance. The reason is simply that the broad stock market is at high risk (vs. potential reward) … Continue reading NFTRH+; even if this is not ‘THE’ gold stock rally…

Another US stock market leader gets in gear

The Medical Device ETF is breaking a trend line We have tracked market leadership by the SOX>NDX>SPX chain closely in NFTRH. It is one of the keys to an ongoing bullish stance. But here is another traditional leader we have tracked/traded/picked components of for several years. IHI is in a stance that would put pain to bears if it starts playing catch up. Double bottom … Continue reading Another US stock market leader gets in gear

NFTRH+; Double bottom in this market ratio?

I highlight things I see during the week expecting us not to over-react but instead, consider. What I see today is Healthcare (XLV) testing the April low in relation to the broad US market (SPY). May be be nothing, may be something (in the form of a double bottom). I have held healthcare related items despite the poor performance vs. the broad market because of … Continue reading NFTRH+; Double bottom in this market ratio?

NFTRH+; (ex-Semis) this sector should lead going forward

We had a bullish write up about the Semi sector in NFTRH 666(6). Let’s call that a wild card among the less defensive market areas due to its growing field of sectors requiring its products, not to mention the bullish chart of SMH we reviewed, which is breaking out this week. On the other side is the more defensive Healthcare sector, which may well have … Continue reading NFTRH+; (ex-Semis) this sector should lead going forward

(Sectors) vs. SPY

A view of several US stock market sectors vs. the broad SPY, which includes most or all of these sectors to one degree or another. These are weekly charts and they show the ongoing relative trends. As you can see Financials, Energy, Industrials and Materials are chronic under performers. This is largely due to the collapse in long-term interest rates, as these ‘reflationary’ sectors (especially … Continue reading (Sectors) vs. SPY

indicators

When the Crap Reverts

When downside leaders like the small caps finally revert upward to their previous (down) trends, maybe then the market will top out and the sentiment rally will terminate. If moves like this do not change their trends it is just hope (and the peoples’ funny munny as printed by the Federal Reserve) keeping the dream alive. It’s just a reversion to trend as the market … Continue reading When the Crap Reverts

Lesson #1,764,328

That lesson would be: When you think you see something in the markets and your methods have been working do not be unduly influenced by things you see on the internet, especially short-term (60 min. or less) chart patterns put forth by… …a group in which you are included. Last night I saw a chart from Tim Knight, a long time internet pal and renowned … Continue reading Lesson #1,764,328