Oil Megaphone
The Megaphone or Reverse Symmetrical Triangle in crude oil fund USO looks interesting. These are usually thought to be reversal patterns. If that is what this is, it will end…
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August 19, 2015
NFTRH; Key ETF Update
A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…
GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180. Over sold, prone to bounce but technically bearish below 120 and 123.
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September 23, 2014
NFTRH; Key ETF Update
A snapshot of current technicals for key markets…
GLD became very bearish with the breakdown from 124. A rise above 123 is needed to even begin to repair this chart.
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September 9, 2014
NFTRH; Key ETF Update
A snapshot of the current technical status of key ETFs…
GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support. Still not a constructive looking chart. A rise above the SMA 200 and then the 50 makes it constructive.
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August 27, 2014
NFTRH; Key ETF Charts
A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks. Just a snapshot in time, picking up where we last left these charts a few weeks ago…
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July 30, 2014
NFTRH; Key ETF Charts
A snapshot of the current daily chart technical status of several ETFs…
GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296. MACD and RSI positive, with RSI close to over bought. Key support is at the MA 50 and 200.
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June 26, 2014
NFTRH; Key ETF Charts
Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.
GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity. The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.
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June 11, 2014
NFTRH; Key ETF Charts
ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.
GLD has lost support after spilling out of the Symmetrical Triangle. Last week it was at the 62% Fib retrace and this week that is in the rear view window. Still bearish.
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June 4, 2014
NFTRH; Key ETF Charts
ETF updates are meant as a snapshot of the current technical situation, not a comprehensive technical review.
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May 28, 2014
NFTRH; Key ETF Update
ETF updates are a snapshot of current daily technicals, not a comprehensive technical review.
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May 21, 2014
Update, Key ETF Charts
Note: To keep unwanted clutter out of the in-boxes of those not interested in trade ideas NFTRH+ updates are no longer being emailed. They are posted at the site and accessible using the password for the current week. On Monday an NFTRH+ idea was presented for the NDX.
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May 7, 2014
Update, Key ETF Charts
A reminder that below is a snapshot of current ETF status, not a comprehensive technical review.
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April 30, 2014
Update; Key ETF Charts
A reminder that ETF charts are more a snapshot to current status than comprehensive TA. Also, to save time the MACD (which is usually noted as green (positive) or red (negative) will be colored blue in ETF updates going forward. The relevant point to the color coding is whether MACD is above or below zero. Also, RSI is added and the charts have a new format.
GLD broke down from an unimpressive short term uptrend (low relative ‘up’ volume), keeping the long anticipated support zone in play. That support zone is quite important. GLD is neutral-bearish, but with a potentially bullish pattern.
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April 16, 2014
Update: Key ETF Charts
Key ETFs offer a technical snapshot each week, but are not comprehensive technical analysis.
GLD is right at the resistance we noted last week. The chart is neutral and would become positive with a rise above resistance (and the moving averages) and a MACD up trigger. Obviously, a failure here would put a bear signal on.
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April 9, 2014