Sure, I am the guy with indicators called the 3 Amigos and in the future, the 4 Horsemen. I am the guy who for 17+ years has been making up catch phrases for indicators and market backdrops alike (ex. 30yr T bond Continuum, Armageddon ’08 and the Fiscal Cliff Kabuki Dance, etc.) entertaining, pissing off and confusing people, and maybe along the way doing some teaching too.
Currently we have the happy-go-lucky Amigos (SPX vs. Gold, 10yr/30yr Yields & the Flattening Yield Curve) front and center as they ride toward their destinations, the end of the journey to which would begin to change the macro. We also have a supremely sensitive proprietary indicator being used in NFTRH to significantly fine tune the process of interpreting changes to the current cycle. You’ve gotta come at the macro from as many rational angles as possible if you want to minimize its confusing aspects. (more…)
Stan and I are doing our free monthly Chart Chat on Sunday at theartofchart.net. We’ll be covering the usual wide range of instruments and you can register for that on our February Free Webinars page.
ES/SPX just consolidating here at the moment, though if there is a break and conversion of the 50 hour MA now at 2841 that would open a test of the open breakaway gap down from 2853.53. In the absence of a break down the obvious next target would be the daily middle band in the 2800 area. Intraday Video from theartofchart.net – Update on ES, NQ and TF:
The consumer staples ETF, symbol XLP, is comprised of firms like Coca Cola, Pepsi, and Procter & Gamble. (As someone who never drinks the sugar water called soft drinks, I marvel at how the country absolutely lives off this crap…………but I digress). This ETF broke its extremely long-term channel a while ago and is perfected beautifully for a hard fall.