An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Monday, December 19, 2011
Does this look healthy? Despite tough market conditions, the VIX is showing a lack of urgency. Is Santa that much of a lock? NFTRH166 looked at the broad sentiment profile and outside of the precious metals and commodities, it was mediocre at best. The VIX and sentiment backdrop are sure not supportive of any kind of strong rally, if a rally is even in the offing.
I am steering clear of this market as far as any big commitments go, beyond trading. That includes all sectors. All of them.