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Gary Tanashian
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Gary Tanashian is proprietor of NFTRH.com and Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://nftrh.com/nftrh-premium/). Complimentary analysis and commentary is available at the... More
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Notes From the Rabbit Hole
  • Technical Status: Gold, Silver And Much More 0 comments
    Sep 30, 2013 8:54 AM | about stocks: GLD, SLV, GDX, SIL, DBC, SPY, EZU, EEM, FXI

    In response to a subscriber's request, I am pleased to announce the addition of a simple yet helpful new aspect to the NFTRH service that will be of value to subscribers and potential subscribers who do not always have the time or inclination to wade through the whole detailed NFTRH report each week.

    The NFTRH service will now include clear, uncluttered charts (as follows) focused on a daily time frame for strategic ETF's. This is an addition (at no extra charge) to the already well rounded service that includes the detailed weekend letter and interim email/website updates during the week.

    We now provide handy and unbiased short to intermediate technical signals for gold (NYSEARCA:GLD), silver (NYSEARCA:SLV), gold stocks (NYSEARCA:GDX), silver stocks (NYSEARCA:SIL), commodities (NYSEARCA:DBC), broad US markets (NYSEARCA:SPY), Europe (BATS:EZU), emerging markets (NYSEARCA:EEM) and China (NYSEARCA:FXI). ETF content is subject to change as their strategic value changes.

    This singular aspect of the new NFTRH represents a clearly defined focus on my most basic management tool and capability, i.e. nominal technical analysis simply portrayed with a clear and concise message that is free of detailed theoretical and opinion content.

    In the interest of simplicity there will be little talk of support, resistance, volume and measured objectives in this segment of the service. In short, all we want to know with these charts is 'are they on bull, bear or neutral signals?' Very mechanical, very unbiased.

    On to our first (complimentary) daily technical report…

    (click to enlarge)

    GLD is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

    (click to enlarge)

    SLV is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

    (click to enlarge)

    GDX is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

    (click to enlarge)

    SIL is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

    (click to enlarge)

    DBC is on a bear signal with MACD triggered down, below zero and price below a short term downtrend line and the 50 day moving averages.

    (click to enlarge)

    SPY is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

    (click to enlarge)

    EZU is on a bull signal with MACD triggered up, above zero and price above a short term uptrend line and the 50 day moving averages.

    (click to enlarge)

    EEM is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

    (click to enlarge)

    FXI is on a bull signal with MACD triggering down but above zero and price above a short term uptrend line and the 50 day moving averages.

    I look forward to providing NFTRH subscribers with an ongoing view from this clear and simple shorter term perspective to go along with our usual macro fundamental and longer term work.

    Biiwii.com, Notes From the Rabbit Hole, Twitter, Free eLetter

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GLD, SLV, GDX, SIL, DBC, SPY, EZU, EEM, FXI
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