This week we look at the stock rally and lay out reasons why it is most likely not real, at least for the people still buying the stale old lines issued by the financial advice herd and waiting for it to come back in a long term way. I suspect however, that the rally has a chance to be just real enough for traders to position just long enough for those that sold out of revulsion to begin to question whether they dumped 'THE' bottom.The market must ultimately prove itself through arduous bottom-making before financially sane people would buy into this as anything more than a trade on hope and the infrastructure 'make-work' pump. NFTRH24 uses 60 minute charts to look at the immediate term and going forward, will continue laying out parameters for the short and long term.
We have positioned for a would-be burst of 'the worst is over' hope by adding some positively correlated sectors that look to have made short term bottoms. Important leading indicators like the gold-silver ratio are as usual, discussed as is the precious metals sector and the gold/dollar relationship. Finally, portfolios are illustrated as is current market stance.
I have gotten really good feedback from subscribers and quite frankly, while not yet having conquered the world, I am very pleased with the progress thus far as the number of subscribers - and retention of same - tells me NFTRH is doing something right. Remember, you can check it out and if you like it, you can easily stay aboard through automatic renewal or cancel the monthly subscription at any time. If you are considering alternative financial and economic research, realize that NFTRH is honestly produced and the result of hard work, with a mandate to do this the right way. In short, I believe in it.
