Back to the normal format after getting some important details and distinctions worked out in last week’s more talkative edition. NFTRH 711, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a … Continue reading NFTRH 711, out now
Just doing the work and moving forward. NFTRH 705, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now
First off, a wish to all readers for a happy Memorial Day weekend as we remember loved ones lost in battle and otherwise. Memorial is not a US thing, it’s an everybody thing. Today we take a look at various markets and assets using daily charts of the associated ETFs. The real work in determining the state of the markets going forward will be done … Continue reading Global Multi-Market/Asset Daily Chart Review
Per the email accompanying the report to subscribers… There is a lot going on this week from a macro perspective. For me, the Fed’s dovish stance along with the 2yr yield and the USD are at the center of most things. Also, the Cannabis sector makes its return after I re-thought my dismissive attitude toward it as a regular [segment]. Usually these reports help me … Continue reading NFTRH 546 Out Now
Okay, so the stock market cracked. We will look at daily charts of SPX, INDU, NDX and SOX to update the status and see what might be directly ahead. Of more importance is that it is time to geek out on the macro and with that, note the backdrop for gold and the miners. Let’s get to an update on these two items. SPX weekly … Continue reading NFTRH Update; The Process Begins… US Stocks & Gold Sector (high priority)
One of the charts from NFTRH’s Market Internals segment keeps track of several global markets in relation to the US SPX (SPY). While some of these are constructive nominally, the only actionable one vs. the S&P 500 is Europe, in a stair step up trend over the last year. I am long Euro-hedged Europe, but not gung ho about it yet. EM has been constructive … Continue reading Updating Global vs. US Stocks
As part of NFTRH’s Market Internals segment, we review the status of global markets vs. the S&P 500, just to see who’s shaping up nicely and who isn’t on a global scale. Here we see the ratio of Europe to the US to be a relative buy. That doesn’t mean run out and buy Europe right now (I think it may settle lower, nominally) but … Continue reading Global Stocks vs. U.S. Stocks
US Stock Market: Trend is bullish, but other than the big display in the Semis last week and a bullish looking Tranny, most items remain below the key parameter we set that would signal the next up leg. Global Stock Markets: A mix of bullish and bearish. Some very interesting areas, however. Precious Metals: The correction continues, pending the potential for HUI to continue bouncing … Continue reading NFTRH 415 Out Now
To little surprise FOMC rolled over again, uttering a few words about inflation being below target and riding off into the sunset until September 21. Now there is a vacuum, policy wise, in which the market can operate. I am sure that if/as the economy continues to firm or inflation signals start to manifest the usual jawbones will hit the microphone circuit, admonishing us that they stand guard, but the market seems to be marginalizing these policy making clowns where even just a year ago it was still entranced by them.
The Semiconductor Equipment book-to-bill ratio for June came out last night and it remains solid. While bookings eased a bit they remained elevated and billings were the highest since 2011. So the question of whether this earnings season should be solid for Semi Equipment companies is answered; it should be because the April-June quarter was significantly better than Q1.
This week we chop 20 pages off of what had been the norm with the word density per chart/graphic much higher than usual. A couple items needed to be discussed in detail. Very refreshing to write and for me at least, a very focused report that kept me straight with the markets. Continue reading NFTRH 404 Out Now
I’ll skip the promo in favor of maybe releasing #403’s slightly weird opening segment later on. It’s time to not only have your thinking caps on, but also your tin foil hats. They can be worn one on top of the other or alternately, depending on your mood. Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade … Continue reading NFTRH 403 Out Now
45 pages and not nearly as difficult to get through as that sounds. Things seem very clear to me about what is going on with the macro backdrop. The May US Payrolls report was a ding back in the direction of economic contraction. That is helpful for the gold sector’s fundamentals. But our big theme continues morph to inflationary growth, which would open up a … Continue reading NFTRH 398 Out Now
Our doggie (Spike) back from his adventure, it was time to settle in and write a good, comprehensive report on the financial markets. So I did; 40 clear and actionable pages worth (with lots of charts, including individual ongoing and prospective trades). Continue reading NFTRH 397 Out Now