US Materials Sector is .12 from… Ding! The US Materials sector, a prime beneficiary of the reflation by inflation that the Fed and government have cooking, is at a measured target. As the government prepares to spend a massive barrel of pork on roads, bridges and infrastructure, Materials of all kinds will be needed. The Materials SPDR (XLB) has now come .12 from ticking a … Continue reading Materials Sector Hits Target
It was my one and only short position (currently very high cash is now the risk manager), and it was taken on a top tick but not on a setup, which is my preferred way to short (because I have a psych vulnerability about being short unless I have a certain confidence level and parameters to operate by). Here’s the chart from what is rapidly … Continue reading Materials Sector Short Closed Out
From the Trade Log on June 5: I took my first short today, against the US Materials sector (XLB) as it rises hysterically to near the previous highs and fills a gap. I am leaning ‘reflation… not yet’ while still holding banks (KRE), commodities (DBC), etc. Profits were already taken on KRE, DBC and the other reflation items before today. So XLB is my only … Continue reading Materials (XLB) Short Working Well
The theme for a bear case has been to take back the Trump rally in 2019, using SPX 2100-2200 as an example. Very simply, that would take SPX down to the massive support area that launched the Trump rally after the US election in late 2016. Now, consider that an H&S top could be taking place. With the over bearish sentiment that whipped up, the … Continue reading NFTRH; 3 Sectors That Have Already Taken Back the Trump Rally and a Juxtaposition w/ SPX (medium priority)
Looking through the old charts, here is another one hitting target. Nearly a year ago we had an NFTRH+ update on XLB showing a pullback buying opp. in the 51s. The rest as they say, is history. I currently hold one specialty materials company (CBT) and recently sold another (MTRN) for paper and realized profits, respectively. Before that I somehow managed to take a small … Continue reading NFTRH+; Materials Sector @ Target (public post)
This update, which started as an NFTRH+ update is being sent to the entire list because it works as a macro update as well. A reminder that the option to opt in to NFTRH+ emails is included in the regular NFTRH service (i.e. it’s free). It’s just that I ask interested subscribers to opt in (by sending a request through the contact link above) so … Continue reading NFTRH+; Materials Sector
