The 10 vs. 2 year yield spread is up slightly and the 30 vs. 2 is up significantly. This continues a trend of late that brings the yield curve further into the discussion as it has for weeks now refused to go back down (this time). Here is the live 30 vs. 5 showing a potential bottom. Is that a Golden Cross (of the MA’s … Continue reading Yields & USD
While gold vs. the S&P 500 has not done much yet, I want to show a view of gold vs. a couple market leaders, the Russell 2000 and Biotech index, looking constructive.
In an update earlier in the week we noted that the preferred scenario of a USD correction might morph into a bullish consolidation in the form of an imperfectly formed Symmetrical Triangle.
Well, today Uncle Buck is dropping below the lower line and making a signal that our initial target of 94 (+/-), with its combo of a trend line and support cluster, is a good one.
The Yield Curve is rising today while nominal yields drop. This continues the gentle uptrend that these spreads have been in lately. Again we state that gently rising is one thing, but impulsively rising would probably be quite another. FWIW… Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free … Continue reading Yields Today
First an admin note: The reason we are not having many NFTRH+ updates lately is the same reason I kept NFTRH+ a free add-on to the regular service; I did not want to feel pressure to produce ideas when I feel the market is not in a low risk posture for those ideas. Again, my preferred mode as a market trader is to find new … Continue reading Yield Spreads
HUI has declined to 215 and made a marginal lower low from the start of the bear flag in the 216’s. We had been anticipating 210 as the critical support to a bottoming scenario. So, given the proclivity of this sector to test limits, let’s keep that alive.
HUI has clearly broken down from the bear flag. As noted previously, these breakdowns usually see a decline below the start point, which was around 216.
A simple update noting that the 30 to 5 year Treasury yield spread has dropped again to a fresh low after 2 up days.
I am cooling my heels at the allergist’s office. I almost bid goodbye to this world a couple times due to Yellow Jacket stings and now am a bee venom therapy lifer. So no charts for this update but I did want to update you that the GDX and GDXJ are indeed declining toward the potentials noted in the last update. GDX is filling a … Continue reading NFTRH Update, Yields & PM Stocks