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
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
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
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
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”
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”
It’s a new series called Men (or women, as applicable… let’s not forget Louis Yamada and her heavily rotated call about a bond bear market a couple years ago based on nothing but a single trend line she drew on the 10yr yield) Who Stare at Charts. The older I get and the longer I am in this business the less patience I have for … Continue reading Men Who Stare at Charts: Silver
Yet another post about why hype in markets can really hurt less experienced casino patrons who believe that experts exist in this realm. Was this pattern not hyped as the “jaws of death” by a then-prominent TA (and a PhD to boot) about a decade or so ago? Why, the market top (that wasn’t) almost made it appear so in 2015 until resolution took the … Continue reading Jaws of Death?
The S&P 500’s ‘Trump Trade’ is still intact per a chart guy actually worth listening to, Rich Ross, who I met 7 years ago when he worked at the firm (Auerbach-Grayson) run by my late friend, Jonathan Auerbach. Nice guy with nice, clear charts and no need to over complicate things. Here he shows SPY above its SMA 50, which folks, is one of the … Continue reading ‘Trump Trade’ Intact!
From the email to subscribers that accompanied NFTRH 361: “The Indicators segment beats us all to a pulp talking about yield spreads, but I find more and more that this work should not be easy or readily packaged into sound bites. It just doesn’t work that way unless you are promoting an orthodoxy or an agenda.” That’s my story and I’m sticking to it. NFTRH … Continue reading NFTRH 361 Out Now
The Non-Farm Payrolls report comes out at 8:30 US Eastern time. It’s a tough call on what the market wants to see. The market is as capable of celebrating a bad number (Fed on hold!) as it is a good one (economy is still humming!).
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
HUI continues to make good improvement by its daily chart, which means that the already constructive weekly chart is gaining the upper hand.
Just getting comfortable with the format. Please dear non-traders, tune out these updates. As noted in NFTRH 287, CORN was dropping toward a lower channel line. This morning what I think is a chart anomaly dropped it through the trend channel. It currently resides right at the lower line, just above the 50 and 200 day SMA’s. I had noted CORN might be added back … Continue reading NFTRH+ Dry Run; CORN Trade