A dis-inflationary whiff and its likely path

As inflation signals cool, various markets get relief Whether a bounce or something more extended, a bear market rally was bound to get off the ground sooner or later. It was a matter of time, with stock market sentiment this over-bearish. Here is how the US Stock Market segment led off last weekend in NFTRH 706: We then covered the technically bearish state of the … Continue reading A dis-inflationary whiff and its likely path

Man Stares at Chart, Notes SPX Below “Major” Support

Marketwatch, recent producer of many a bleak headline in concert with the bleak trade war noises emanating from Trump’s orifices among other negative news items, has a man who is staring at his charts today and advising that SPX has lost “major” support. Charting a bearish December start, S&P 500 ventures under major support “Tactically, the 3,100 mark matches major support. The S&P has ventured … Continue reading Man Stares at Chart, Notes SPX Below “Major” Support

The Men Who Stare at Charts: 2 Gold Bears

Last week we noted that a former raging gold bull recently stared at his charts and proclaimed gold very bearish and copper very bullish. That was not gold bearish. Man Stares at Charts, Reverses Wildly Bullish Gold Stance in Favor of Copper He was one of 3 Golden Bullhorns we noted back in Q1 2019 as a warning to that oncoming correction. Today we note … Continue reading The Men Who Stare at Charts: 2 Gold Bears

The Men Who Stare at Charts: Mental Whipsaw Edition

I’ve had SWKS on watch (where it resides to this moment) since it climbed above the SMA 50 & SMA 200. Hilariously enough, while looking at my Fidelity capsule on the company, which includes useful information and not so useful information, I saw this little whipsaw. Two TA services linked by Fidelity include an Elliott Wave thing informing me of a bearish continuation pattern but … Continue reading The Men Who Stare at Charts: Mental Whipsaw Edition

The Men Who Stare at Charts: The “Chart Master”

This is not a ‘make fun of the man who stares at charts’ post *, although man’s nickname made me want it to be :-).  I actually enjoy the man’s presentation as he talks about trends and pullbacks simply and without the need to try what all too many men and women who stare at charts try, which is to baffle you with overly technical … Continue reading The Men Who Stare at Charts: The “Chart Master”

The Men Who Stare at Charts: “Damage Done”

This man who is staring at you right now also stared at his charts and noted that the damage has been done to the stock market. “From a technical perspective, the damage that has been done technically to the stock market is much, much worse than people are talking about,” he told MarketWatch in a phone interview on Tuesday. ‘Godfather’ of chart analysis says ‘damage … Continue reading The Men Who Stare at Charts: “Damage Done”

NFTRH 325 Out Now

On a weekend where I took my daughter to Boston for two nights of voice coaching/recording, needed to watch the Patriots game (on DVR) and a late Rangers game, on a taxing California road trip (it may have been taxing for them too :-) ), I somehow managed to get 35 quality pages done with NFTRH’s 325th edition. I am happy with the report for … Continue reading NFTRH 325 Out Now