When a relatively ‘defensive’ sector is doing this…

…it’s a market in trouble. This is a disgusting daily chart of the Healthcare sector ETF, XLV. Especially when you consider that the ratio of said defensive sector is firmly in a rising trend vs. the broad market as we’ve been tracking for months now in NFTRH. By the way, the rise is not (yet) impulsive. Historically, the impulsivity of this ratio has indicated whether … Continue reading When a relatively ‘defensive’ sector is doing this…

NFTRH+; Double bottom in this market ratio?

I highlight things I see during the week expecting us not to over-react but instead, consider. What I see today is Healthcare (XLV) testing the April low in relation to the broad US market (SPY). May be be nothing, may be something (in the form of a double bottom). I have held healthcare related items despite the poor performance vs. the broad market because of … Continue reading NFTRH+; Double bottom in this market ratio?

NFTRH+; (ex-Semis) this sector should lead going forward

We had a bullish write up about the Semi sector in NFTRH 666(6). Let’s call that a wild card among the less defensive market areas due to its growing field of sectors requiring its products, not to mention the bullish chart of SMH we reviewed, which is breaking out this week. On the other side is the more defensive Healthcare sector, which may well have … Continue reading NFTRH+; (ex-Semis) this sector should lead going forward

Lesson #1,764,328

That lesson would be: When you think you see something in the markets and your methods have been working do not be unduly influenced by things you see on the internet, especially short-term (60 min. or less) chart patterns put forth by… …a group in which you are included. Last night I saw a chart from Tim Knight, a long time internet pal and renowned … Continue reading Lesson #1,764,328

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NFTRH Update; 2 Bearish Sectors (med. priority)

We reviewed the Industrials (XLI) yesterday noting “But the lower low is in and now a bounce to test the SMA 200 breakdown or very possibly the declining SMA 50 would be logical.” Today the thing bounced up and through the SMA 200 and frankly, I was a little surprised at how this sector and much of the rest of the US market performed today. … Continue reading NFTRH Update; 2 Bearish Sectors (med. priority)

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NFTRH+; Healthcare (XLV) Trade Setup, Market Update

As you know, the favored plan is for the US stock indexes to finish bouncing at or below the top channel line parameters per yesterday’s NFTRH update (I’ve begun slowly adding to the short side).  But within this, there are some sectors that look constructive to continue bouncing in the short-term; Healthcare and Biotech among them.  Let’s focus on Healthcare for this update. You may … Continue reading NFTRH+; Healthcare (XLV) Trade Setup, Market Update