• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Technical Status: Gold, Silver and Much More...

In response to a subscriber's request, I am pleased to announce the addition of a simple yet helpful new aspect to the NFTRH service that will be of value to subscribers and potential subscribers who do not always have the time or inclination to wade through the whole detailed NFTRH report each week.

The NFTRH service will now include clear, uncluttered charts (as follows) focused on a daily time frame for strategic ETF's. This is an addition (at no extra charge) to the already well rounded service that includes the detailed weekend letter and interim email/website updates during the week.

We now provide handy and unbiased short to intermediate technical signals for gold (GLD), silver (SLV), gold stocks (GDX), silver stocks (SIL), commodities (DBC), broad US markets (SPY), Europe (EZU), emerging markets (EEM) and China (FXI). ETF content is subject to change as their strategic value changes.

This singular aspect of the new NFTRH represents a clearly defined focus on my most basic management tool and capability, i.e. nominal technical analysis simply portrayed with a clear and concise message that is free of detailed theoretical and opinion content.

In the interest of simplicity there will be little talk of support, resistance, volume and measured objectives in this segment of the service. In short, all we want to know with these charts is 'are they on bull, bear or neutral signals?' Very mechanical, very unbiased.

On to our first (complimentary) daily technical report...

SPDR Gold Trust Shares Daily Chart

GLD is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

iShares Silver Trust Daily Chart

SLV is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

Market Vectors Gold Miners Daily Chart

GDX is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

Global X Silver Miners Daily Chart

SIL is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

DB Commodities Tracking Index Fund Daily Chart

DBC is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

S&P500 Daily Chart

SPY is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

EMU Index iShares Daily Chart

EZU is on a bull signal with MACD triggered up, above zero and price above a short term uptrend line and the 50 day moving averages.

iShares MSCI Emerging Markets Daily Chart

EEM is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

iShares FTSE China 25 Index Daily Chart

FXI is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

I look forward to providing NFTRH subscribers with an ongoing view from this clear and simple shorter term perspective to go along with our usual macro fundamental and longer term work.

 

Back to homepage

Leave a comment

Leave a comment