Gary Tanashian | TalkMarkets | Page 89
NFTRH & Biiwii's Unique Market Perspectives
Gary Tanashian of nftrh.com and biiwii.com successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities ...more

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Yield Curve Today
The yield curve is dropping again today while yields rise. We continually go over the implications of the yield curve on the big picture in NFTRH. Insofar as you may have an interest in it, I find this Bloomberg view to be very handy.
Two Sentiment Pictures
First is a view of the near all-in state of the average mutual fund. And this is before the most recent surge higher, as the data are delayed by a month.
NFTRH+ Trade LIT Ejected
Selling NFTRH+ idea LIT as well. I think it is going higher but it’s time to step away and let the guy who basically invented the the investment case for Lithium carry the day.
Long-Term Yields Continue To Bounce
I sold all of my longer term Treasury bonds at the first level of support in anticipation of this bounce in yields.
OncoMed (OMED); Lottery Ticket Cashed
OncoMed has been noted in NFTRH as a “lottery ticket” hold over the last several week and today I am taking the 14% off the little bottoming pattern, which by the way, measures to 26+.
10->5->2 Yield Curve Drops Today
The yield curve is dropping today as yields rise. Risk ‘ON’ whereas last week we had a day with all yields dropping and the curve rising, which was risk ‘OFF’.
ECB Rate Cut: Charging Banks To Hold Cash
As we manage the breakout in the Semiconductors, the recovery in the fallen momentum items and a general return to a market melt up scenario, let’s again thank policy making for the global – not just US – stock market party.
Semiconductor Index Still On A Bullish Signal
Frankly, by daily charts I think the Semiconductor index and several other US markets are too far above the 50 day moving averages and soon due for a breather.
Google Approaches Support
I sold it last week, having to ignore the greedy voice in my head (yeh, I still have that guy) and today Google is declining toward support. Looking at a 50% to 62% retrace of the initial rally off the April-May bullish pattern.
About The ISM
Today’s ISM continues a string of rising cost inputs to the US manufacturing industry.
US Treasury Bonds, Gold & Stock Market
Yields on long-term Treasuries have continued to decline in line with our view that was contrary the ‘Great Rotation’ (out of bonds) hype. The [30-year] especially is now close to support and the next play seems like it could be rising yields and declining T bonds.
Commodities Roll Over
We have been describing what has been going on in commodities as a good old fashioned rotation of rolling speculations with the hedgies, various other black boxes and momo’s playing the sector.
Europe: Risk ‘ON’
This may sound like a Captain Obvious post now, but Europe’s pervasive risk ‘ON’ atmosphere was not so obvious last year when NFTRH began tracking the bottoming patterns on the monthly charts of PIIGS members Italy (EWI) and Spain (EWP).
Goog Bye
Taking profit on GOOGL, as it is already above the measured target of the little bottoming pattern and approaching resistance. A quick 7% trade.
“Let’s Be Honest” –Andrew Huszar
In line with our theme of outlandish and immoral (in my opinion) Fed policy a former Fed official calls QE a backdoor bailout of Wall Street, which anyone with two functioning brain cells knows to be the case.
‘Internet Of Things’; CTRL
Does everything have to have a cute nickname these days? Are we that mentally stunted and compartmentalized that we need the Wall Street media to put everything into a handy little digestible nugget?
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