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…
As we did with SLW last week earlier this week, today let's take a look at a speculative leader to the precious metals rally and plot a near term upside…
Today there is some turbulence. Good, an extended rally scenario would not want to see the sector fly up to excessively over bought levels all in one big gulp. HUI…
A low priority update on Silver Wheaton's daily technical status. This post is not meant to call anyone to any sort of action. It is just noting some data points…
GLD remains on a bull signal with MACD above 0 and the price above supportive 50 day moving averages.
In response to a subscriber’s request, I am pleased to announce the addition of a simple yet helpful new aspect to the NFTRH service that will be of value to subscribers and potential subscribers who do not always have the time or inclination to wade through the whole detailed NFTRH report each week.
The NFTRH service will now include clear, uncluttered charts (as follows) focused on a daily time frame for strategic ETF’s. This is an addition (at no extra charge) to the already well rounded service that includes the detailed weekend letter and interim email/website updates during the week.
We now provide handy and unbiased short to intermediate technical signals for gold (GLD), silver (SLV), gold stocks (GDX), silver stocks (SIL), commodities (DBC), broad US markets (SPY), Europe (EZU), emerging markets (EEM) and China (FXI). ETF content is subject to change as their strategic value changes.
This singular aspect of the new NFTRH represents a clearly defined focus on my most basic management tool and capability, i.e. nominal technical analysis simply portrayed with a clear and concise message that is free of detailed theoretical and opinion content.
In the interest of simplicity there will be little talk of support, resistance, volume and measured objectives in this segment of the service. In short, all we want to know with these charts is ‘are they on bull, bear or neutral signals?’ Very mechanical, very unbiased.
On to our first (complimentary) daily technical report…
GLD is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.
Case-based 'White Paper' on the importance of unbiased TA: I would like to repeat the idea that it is best to subordinate yourself to markets at all times. To put…
We have been reviewing different versions of this chart in NFTRH over the last several weeks as the S&P 500 approaches a long-standing target of 1550+. Today it looks like…