S&P 500 Weekly Chart

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…

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NFTRH; Market Notes

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.

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S&P 500: 2011 ‘Comp’ Back in Play

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…

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Even Tranny Gets the Memo

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…

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Semi Spooky

"Spooky"... that is the word I used in an email to a subscriber who commented on yesterday's post about the Breadth Thrust data sent by another subscriber.  The post was…

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Semi Optimistic

[edit]  Subscriber Joe advises that Hickey says the b2b is a lagging indicator.  But I assume he means vs. Capex from the likes of Intel, etc.  I am using b2b…

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Wonderland

“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't. And contrary wise, what is,…

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NFTRH 402 Out Now

Last week this site got semi hysterical about inflation because a new signal came about in the relationship of silver to gold.  This was added to 'push' inflation that we…

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SPX Daily Chart

You cannot call yourself a bull if SPX declines to 1925 and you are not buying there.  Me?  I am not a bull, but I am someone who, if the…

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SPY Short Covered

I just covered my largest position, which was a short on SPY held (and increased last week) for several months.  This joins leveraged index shorts that were covered on Friday. …

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G7 (and Fed), Right on Cue

I have had a lot of fun with the centralized policy making over the years.  Recall the Outer Limits theme? There is nothing wrong with your television set. Do not…

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NFTRH; Post-Brexit

This week has been a gamble.  If you’re a stock bull you lose, if you’re a gold bull, you win.  This morning’s reaction to Britain’s exit from the EU is pure casino stuff, practically speaking as an investor in the very short-term.

From Tuesday’s update (with an updated chart of the VIX)…

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