Read more about the article Currencies (NFTRH 709 excerpt)

Currencies (NFTRH 709 excerpt)

A brief look at currencies Excerpted from the June 12 edition of Notes From the Rabbit Hole: Currencies All hail Uncle Buck! Especially those who’ve been guiding their herds against…

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Read more about the article Japan

Japan

I have been nursing a big breakout theory on the Nikkei since it broke out in 2016. I have not held Japanese stocks for most of that time but have…

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Read more about the article Another View of the Global Reflationary Bounce…

Another View of the Global Reflationary Bounce…

Look at this chart. Does it not look similar to so many other bounce-a-thon participants right now? Now read the symbol. It's the Yen tracker flipped over. As the Yen…

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Read more about the article A Look at Japan’s Nikkei & Yen

A Look at Japan’s Nikkei & Yen

The Nikkei has a erected a Tokyo Tower rivaling the Dow's Trump Tower in the US. Indeed, for a while now NFTRH has been tracking the prospective look of Japan…

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Read more about the article Is Uncle Buck the Johnny Yen of Last Summer?

Is Uncle Buck the Johnny Yen of Last Summer?

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…

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Read more about the article Uncle Buck vs. Johnny Yen (and Au, Ag & T Bonds)

Uncle Buck vs. Johnny Yen (and Au, Ag & T Bonds)

Not being a casino patron I don't go to casinos and I don't often look at or care about Forex.  But USD/JPY is special, because of its recent and current…

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Read more about the article Euro & Yen Continue Down the Bear Path

Euro & Yen Continue Down the Bear Path

The Euro is just a basket case right now.  Daily chart... But I am not interested in the Euro so much as I am in ways to benefit from its…

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alice

NFTRH; Market Update

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.

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