You could say it was cutting it close, but NFTRH has been in caution/cash raising/profit taking mode on the most recent up swing in the markets. That is because I have committed to a view that will not invest (or go long-term bearish for that matter) until I get new, low risk trends across the markets.
So it has been swing trading, making sure to take the majority of profits and limit losses where applicable. Because I am not nearly convinced that the market does not have an upside blow off in its future prior to the bull’s flame out, short positions have been worked the same way; take profits and limit losses. For years I have felt the market is being driven berserk by those clown car shows. That is not investment worthy.
Anyway, I am not the genius to tell subscribers what is going to happen and when, but I am the market participant who is going to tell them what I think and why I think it.
This morning’s subscriber update is opened to the public (I know, it’s not a heck of a lot of good now for people caught by the market’s hard down, but there is still value in it because it shows some signs I did not care for (while the SPX was still positive) and felt subscribers should know.
I think NFTRH is the best all around market service that I know of. Maybe not the most number crunchy, technical (well, it can get technical, sure) or bold (predictions are for gurus). But it is always on the job and it has kept its subscribers in position to succeed from its earliest days.
First we took advantage of the deflationary hysteria in 2008 to the tune of massive gains owing to the inflation we anticipated (I still recall using my late friend Jonathan’s classic line in an early NFTRH… “it’s inflation all the way, baby!”), then in protecting ourselves from the precious metals bear and most recently in interpreting the ‘Canary in the Coal Mine’ (Semiconductor Equipment sector) as bullish for manufacturing and the economy, and thus bearish for gold no matter how vigorously PM boosters waved their pom poms.
Subscribe to NFTRH before the price increases this year. You’ll be glad you did, assuming you are not a casino patron, momo addicted wise guy looking for a wise guy of even more epic proportions to give you paint by number instructions as if you are an automaton incapable of rational and independent thought.
Okay, now the promo is getting silly; but you get the picture. A weekly report and dynamic in-week updates that together are always fine tuning multiple markets in service to surviving and thriving during the interim trends but waiting ever so patiently for the next big trends. Oh, they’re coming.