It's not about using charts in a vacuum And it's certainly not about using long-term charts and analogs in a vacuum. It's about using charts as one tool among several…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…