"Turnaround Tuesday"... isn't that what they call it? Well, it turned around for several things not called precious metals or China. I did a little buying today of strategic semiconductor…
Gold vs. Silver is up but still in consolidation longer-term. It must turn down here or there will be concerns for many markets. Which would add to the concerns already…
USD has been in correction since the hysterical March top. The daily chart shows a series of lower highs and lower lows that was interrupted last week when USD failed…
These charts are purposely left ultra simple, with no mark ups, no momentum oscillators and limited commentary by me. NDX is near the 2000 high. SPX's minimum measurement off of…
Okay, so you tell me. Is speculative leadership alive and well in this market? Beuller? We noted in the last NFTRH edition that market sentiment had become positive on a…
In a post late last week it was noted that the leveraged long NDX fund TQQQ was shorted. Well, a quick profit is now booked. It's not a good looking…
Actually, I am fairly bearish and getting more so for reasons that will be reviewed again, in NFTRH this weekend. I am still not a bear however, as this week…
Putting on our conventional analysis hats (admittedly, not a hat I wear all too often) we see that the S&P 500 has happily continued higher despite a moderation in corporate…
[edit] the post started as a simple thing and ended after getting way too involved. so much the better... An update of the situation on the Banks, the anti-Banks (gold)…
The subtitle for this update could be called ‘Default to Cash’ (D2C), which is exactly the sentiment that has been repeated for much of 2015 as the market jigsaws up and down, trying to slice everybody up.
Ref. a public post about the $RUT this morning. It showed support after a wedge breakdown. RUT is losing that support so far today.
By way of Robert Prechter's Elliott Wave Theorist, which itself presented the following by way of Peter Eliades, comes this analysis of the S&P 500 from a time-cycles perspective. The…
The weekly chart of the Biotech index kept us on a bullish orientation in the market, frankly for longer than I wanted to have that orientation. Today, the BTK is…
In an update earlier in the week we noted that the preferred scenario of a USD correction might morph into a bullish consolidation in the form of an imperfectly formed Symmetrical Triangle.
Well, today Uncle Buck is dropping below the lower line and making a signal that our initial target of 94 (+/-), with its combo of a trend line and support cluster, is a good one.
