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…
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…
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…
Yen is sneaking above the SMA 50 to a new short-term high above the July high. Yen and gold had spent much of the last few years as bedfellows, but…
So I am not going to pretend I've got all the answers on a day like this. My broad market longs are very mixed, my shorts are good and my…
Sure, we know the US is flying around up there in blue sky. And we know that the US "man in the middle" is also finally in blue sky. But…
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…
In not making a higher high before turning down below the daily SMAs 50 and 200 the Japanese Yen has painted itself vulnerable, at best. We have been noting the…
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…
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…
Hey, did you know that the Yen has been bearish? Did you know that on October 10, when the Yen was just breaking down we made this NFTRH+ update highlighting…
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…
We've been noting a deterioration in the Yen's technical status lately, which would help Japanese exports and its stock market in general. Here is the daily view of the Yen,…
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.