We have been using the Semis as a one of several economic signposts, and as an investment/trading destination since the Semi Equipment 'bookings' category in the Book-to-Bill ratio began to…
[edit] See further thoughts on inflation and the content of this article. The post title is best when drawled in Gomer's thick southern accent. I realize Gomer Pyle was way…
SPX daily is at the top trend line of what could be a wedge. Huey is in a robo trend up in a channel. SPX weekly shows the 1.5 year…
Once again, no energy left or inclination for promo (and no Roxy Music video either). After battling this thing all weekend I headed out to the high school track to…
It is summer slack season, with no FOMC meeting in August and so into the void go our friends in the mainstream media, with all sorts of noise to distract…
The market had been in a consolidation/mini correction as we have been noting.
Gold is getting clobbered as it should. Let’s please keep it real, because a lot of gold bugs are not going to. The case for gold, silver and commodities rests on an inflationary phase, which strong jobs and wages would indicate out ahead. But for now, the hit to the precious metals is logical.
Yesterday’s market decline was a little more than the recent gentle downward slip and we have been noting markets at short-term risk, sentiment-wise. So I think it is a good time to review a few pictures of the progress with respect to important support that would act as a buying opportunity for an extended rally or a failure point that would call the July bounce a shorter-term throw over and suck-in.
A year ago almost to the day we began tracking a 'Macrocosmic' theme that would eventually see gold bottom and rise vs. stocks and bonds in 2016, joining its bullish…
I decided that it was time to take the rest of the reward for having taken the risk (and advising same in NFTRH) when it seemed most did not want…
A funny thing happened on the journey through this week's sentiment analysis. First, the Semi sector, which as I recall we were among the few to be publicly bullish on,…
I am expecting a pullback in the near-term due to over bought daily charts and over bullish sentiment, but the fact is that SPX is in blue sky and measures…
While we have been on a bullish path, and momentum, breadth and ‘thrust’ imply more upside ahead I want to let you know how I, the same faulty market participant I have always been*, am proceeding.
Heading into this bullish phase (including in precious metals) my tack has been to take profits when presented and then try to be patient in reestablishing positions. After the post-Brexit euphoria ramp (or whatever this has been) I am making like ‘Old Turkey’ (from Reminiscences of a Stock Operator), and sitting tight in some areas and making like a zealous profit taker in others.
Sometimes simpler is better. For months now, and right through the Brexit drama we have been noting simple technical and fundamental items like a NYSE breadth ramp up (see bottom…
When dealing with markets we show up with our rational minds and our healthy egos. We have got our chops down pat and have the confidence to know that we…