As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in…
Long-term bond yields are rising this morning, and you will notice, the 2yr is rising more than the 30yr. So not only is this a boost for the 'nominal yields…
On Monday we noted the levels that would signal the potential for more than a "blip" of a market pullback if indexes closed below them. The Dow closed below last…
It's been a tough market for day to day management (for me, anyway) because the futures open down and then the thing spends all day recovering the opening losses. I…
As I've been noting again, again, again, again, and again the macro backdrop is marching toward changes. I'd originally thought those changes would come about within the Q4 window and…
The stock market is very overbought in general. There are certain sectors (Biotech, Telecom, etc.) that have gone in the opposite direction and certain indexes/segments (Small Caps, for example) that…
Time once again for a review of the big picture, because... perspective. For example, in my mind I feel that training has been done to not expect a real whopper…
I hesitate to do these updates after roiling market events because they feel more like news reporting than market analysis. Gold got hammered! Silver got hammered! The miners got hammered!…
The US stock market has bounced back (near or at all time highs again) off of the North Korea jitters and whatever else it has found to worry about lately.…
Sometimes I like to trot these lumbering monthlies out so we can quiet everything down and see where various markets are slowly heading. First of all, as I go down…
GLD/SPY ratio needs to crack the daily SMA 200 and then hold above it. Then it needs a higher 2017 high. If those things happen, the gold sector is on…
With the standoff between our lunatic-lite and North Korea's lunatic for real and the bile of racism and violence coming to the surface in America under a leader who instigates…
Short-term contrarian sentiment has improved this week. With the ongoing consolidation in stocks (red arrow), the dumb money has dropped and the smart money has popped. This is of minor…
Rather than go through the clunkiness of writing on Word and creating a PDF file I thought I'd pop this week's abbreviated NFTRH 454 right onto the website as a…