Rather than do a full ETF report in the midst of the low volume Santa backdrop, I thought I’d wrap up a few thoughts on the market’s current status, go over a couple charts of individual companies and then hit only the most relevant ETF’s.
What if I told you there is a 'no risk' investment that will out perform the S&P 500, even assuming the S&P 500 will continue upward at the pace it…
Semiconductor Equipment Book-to-Bill The Semiconductor Equipment book-to-bill ratio for November is out and it improved per the table below. I will work the data into a graph similar to the…
Now that we have the FOMC hysterics, the Russia hysterics, crude oil hysterics and Greece hysterics (have I missed any?... oh yeh) put to bed for a moment, maybe we…
From yesterday's ETF update: "TIP-TLT continues to indicate that the Treasury market perceives no inflation issues whatsoever. Indeed, the whole world is worried about anything other than inflation right now. …
All Treasury yields are up with the curve... yup, dropping. They are suddenly not scared anymore and are flying out of liquidity instruments. Junk and Junk to quality is snapping…
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in…
Stock Market to Janet Yellen: "I dare you to talk tough about Fed Funds rates. I double dare you!" SPY is at our NFTRH+ target, which does not mean it…
A good report that departs from some of the nuts and bolts (so much so that I forgot to include the usual currency segment, which we have frankly had nailed…
Frankly, the more unwieldy this hyper frenetic market gets, the less inclination I have to do NFTRH+ updates, because the volatility has a funny way of breaking charts (with associated…
Mark Hulbert's HNNSI (data compiled from Nasdaq oriented market timers) shows that sentiment among these timers was not indicative of a top as it had been fading the rally into…
US Stock Market
After a whipsaw on Tuesday the market made a hard move down yesterday. Amid degrading indicators like bond spreads and sentiment, the Dow and S&P 500 declined over the last 3 days from all time highs.
Our parameters between normal and abnormal are very tight. Let’s check up on them.
First let’s update the charts we showed yesterday, with the short-term support parameters.
SPX is below the tolerance point, but this is in-day. The headline indexes are getting the biggest hit.
As surmised in the subscriber update posted just after the 'Jobs' report, jitters about interest rate hikes are bubbling to the surface in the T bond market. This may also…