Yesterday we concluded... Bottom Line Market Internals are holding up and with the summer volumes caveat, the US stock market is breaking out (barring a head fake & whipsaw) to…
The title of the post is purposeful in that things are falling this morning. Stocks, yields, commodities and precious metals. And drops in stocks and commodities would be needed in…
US Stocks Pre-market indicates that stocks are poised to take back yesterday's losses and this is in keeping with our short-term theme that the market is not just going to…
The trend continues against the inflationists, but there has been the bullish divergence by Baltic Dry Index (per this NFTRH chart), and the inflation trade has been very oversold, after…
Consider this update something of a sketch book of possibilities by one market watcher sorting through his thoughts. Gold did not hold its December 2017 low of 1238. Next in…
Stock Market: Top-Test Still in Progress There is little new in stocks since the weekend, other than the possibility that the market is beginning to relieve the pressure on 'pro-yield'…
USD was in a very good contrary sentiment position into late January, as the global anti-USD inflation trades ripped higher and USD dropped. It then flattened out and formed a…
A combo macro update and stock idea... We have shown the positive correlation between Small Cap stocks and the USD, and in September 2017 reviewed a correlation between Retail (XRT)…
As I have belabored over the years, the same implications that can spur a rising US dollar can go hand in hand with a bullish case for gold mining. That…
After noting a re-buy of the UUP position on the USD pullback, a couple of sharp subscribers asked in essence "why UUP instead of adding more SHV?", which sports one…
Uncle Buck's pattern is active, everybody sees it now and as noted in NFTRH 471, the buck has lost its contrarian edge (sentiment is neutral from previously universally hated) and…
Just asking because this chart of UUP... ...looks somewhat similar to this chart of the Yen (before it formed its right shoulder)... ...which we used to gauge a bearish Yen…
Look at these bedfellows that are sleeping together in a sign that all does not feel well with the market, post-inauguration. TIP-TLT is in a weird, toppy looking short-term pattern. …
We looked at the precious metals miner ETFs on Tuesday and the status there has not changed. They are still below the EMA 12 & 20 but trying to hold the 50 day moving averages, which means they are still in short-term downtrends and intermediate up trends. For my part, I added a couple items on downside activity (explorer/developer PG.TO just above its MA 200 & royalty/streamer SLW at its MA 50s) but also still hold the DUST and JDST hedges, as noted in the NFTRH 397. This hedging, which sometimes proves unsatisfying could last hours or days. As noted in the previous update, the struggle to hold the MA 50s will decide whether it will have been a quick correction or something deeper.