Tag Archives: TLT

The Post-BoJ Landscape

By Biiwii

After the Bank of Japan action…

I have let things settle out and even though I am short an investment bank, a bank index and a Semi equipment company, I am positive on the day.  That is not to minimize the fact that today would be much nicer had I held SPY and GOOGL, but it is what it is.  Not bad.

Going right into Kuroda’s wheel house I purchased a stock that just yesterday I noted as being a formerly over hyped (though high quality) Machine Tool company pitched by financial suits as a Robotics company…

A Prime Machine Tool Builder w/ a Hyped Twist Falls Flat in Q4

Fanuc got hammered again today and considering BoJ’s stance on the Yen, I took a shot on this exporter.  You see, BoJ had been talking about reforms and certain financial entities had been explaining a bullish thesis on Japan, in part based on reform and the potential of a strengthening Yen (don’t look now but Japan’s banks are conspicuously bearish today).  Well, that is out the window as any wax that went on was stripped right back off again by BoJ last night.  Indeed, not only is the wax off, they are grinding down into the metal now.

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NFTRH; Key ETF Update

A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…

GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180.  Over sold, prone to bounce but technically bearish below 120 and 123.

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NFTRH; Key ETF Update

A snapshot of current technicals for key markets…

GLD became very bearish with the breakdown from 124.  A rise above 123 is needed to even begin to repair this chart.

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NFTRH; Key ETF Update

A snapshot of the current technical status of key ETFs…

GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support.  Still not a constructive looking chart.  A rise above the SMA 200 and then the 50 makes it constructive.

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NFTRH; Key ETF Charts

A snapshot of the current daily chart technical status of several ETFs…

GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296.  MACD and RSI positive, with RSI close to over bought.  Key support is at the MA 50 and 200.

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NFTRH; Key ETF Charts

Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.

GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity.  The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.

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NFTRH; Key ETF Charts

ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.

GLD has lost support after spilling out of the Symmetrical Triangle.  Last week it was at the 62% Fib retrace and this week that is in the rear view window.  Still bearish.

Continue reading NFTRH; Key ETF Charts

NFTRH; Key ETF Charts

ETF updates are meant as a snapshot of the current technical situation, not a comprehensive technical review.

Continue reading NFTRH; Key ETF Charts

NFTRH; Key ETF Update

ETF updates are a snapshot of current daily technicals, not a comprehensive technical review.

Continue reading NFTRH; Key ETF Update