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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.

 

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