Daily Archives: February 11, 2017

Moving Targets: Investors Need to Discriminate!

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Robot-48x48In the current political climate herds are running every which way.  There is the anti-Trump herd, the pro-Trump herd, the liberal herd, the conservative herd, the CNBC herd, the mainstream financial services industry herd, the Armstrong herd, the gold bug herd… and there are all those ideologies in play.  But robotic thinking, unless it is in service to profitable trades like this one on an excellent company providing automation (ref. recent Fanuc NFTRH+ highlight), does not pay (disclaimer: I’ve sold and taken the profit).

So stop right there!  These are the financial markets, and if you have not checked your deepest held beliefs, your virtue, your bigotry and in general, your bias at the door you are going to lose.

There is a plan in play, which NFTRH has been tracking for many months, since we abandoned the bearish topping patterns (that weren’t) in US markets during the depths of the Brexit hysteria and the subsequent sentiment thrust, which undid the market’s bearish technical status.  The plan has been ‘SPX bullish’ based on the bullish moving average (up) signal on this weekly chart from the better part of a year ago…

spx weekly chart
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