{"id":57313,"date":"2022-07-06T08:00:40","date_gmt":"2022-07-06T12:00:40","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=57313"},"modified":"2022-07-05T20:06:44","modified_gmt":"2022-07-06T00:06:44","slug":"anti-markets","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2022\/07\/anti-markets\/","title":{"rendered":"'Anti' Markets"},"content":{"rendered":"

These daily charts are flipped over to a view that is \u2018anti\u2019 their normal selves.<\/p>\n

I have often referred to the improbably bullish (to many; NFTRH has tracked and respected the bullish dollar for a year now) US dollar as an anti-market, the liquidity collector from the global liquidity-driven and speculative mess created by the Fed and its fellows. <\/p>\n

But here is a look at some markets (ETFs & indexes) in their opposite or \u2018anti\u2019 suit. In other words, here are some charts flipped over. If the chart is bullish the underlying asset\/market is technically not.<\/p>\n

The major risk in my opinion is in the over-hyped inflation trades as inflation signals fade. That means commodities, mainly. But also Materials, Financials and other areas thought to be \u2018reflation\u2019 sensitive and highly cyclical.<\/p>\n

While the environment that is developing should be positive for gold and especially its miners, reality is often a different matter in the short-term. As noted in the previous post and in the recent interview with the Daily Gold, that reality, if past is prologue, is that some significant number of gold mining investors are wrongheadedly in it for inflation. If the inflation trades do fail then gold stocks tend to be vulnerable at first.<\/p>\n

<\/div>\n

The hope against the crash scenario would be that the post-2020 correction has mitigated the damage the inflation herds will do when they give up the inflated ship. But hope is not an investing strategy.<\/p>\n

Personally, with all of this in motion I am staying balanced and open minded. No dogma or robot thinking. Just day to day, week to week and letting it play out (with the odd minor mental whipsaw here and there).<\/p>\n

Anti-Gold<\/strong> is trying to break its downtrend.<\/p>\n

\"Anti-Gold<\/a> <\/p>\n

Anti-Silver is bullish<\/strong>, trending up and above support.<\/p>\n

\"Anti-Silver<\/a> <\/p>\n

Anti-GDX<\/strong> is bull biased and on the verge of breaking out.<\/p>\n

\"Anti-GDX<\/a> <\/p>\n

Anti-DBC<\/strong> (commodity tracker) is testing its break above the SMA 50.<\/p>\n

\"Anti-DBC<\/a> <\/p>\n

Anti-GYX<\/strong> (industrial metals) is bullish above former resistance and trying to change its trend upward.<\/p>\n

\"Anti-GYX<\/a> <\/p>\n

Anti-Copper Miners<\/strong> is on a strong move, trying to change trend.<\/p>\n

\"Anti-Copper<\/a> <\/p>\n

Anti-Materials<\/strong> sector broke a bottom\/base pattern to the upside in an impulsive move that could eventually change the trend.<\/p>\n

\"Anti-Materials<\/a> <\/p>\n

Anti-Energy<\/strong> made a move off of all that hype and remains above the SMA 50.<\/p>\n

\"Anti-Energy<\/a> <\/p>\n

Anti-Financials<\/strong> is firmly trending up in 2022 and starting to turn the major (SMA 200) trend up as well.<\/p>\n

<\/div>\n

\"Anti-Financials<\/a> <\/p>\n

Anti-SPY<\/strong> (broad US stocks) is also firmly trending up and starting to change the major trend.<\/p>\n

\"Anti-SPY<\/a> <\/p>\n

Anti-DJW<\/strong> (global stocks)\u2026 ditto.<\/p>\n

\"Anti-DJW<\/a> <\/p>\n

Gary Tanashian<\/a><\/p>\n

For \u201cbest of breed\u201d top-down analysis of all major markets, subscribe to NFTRH Pre<\/strong>mium<\/strong><\/a>, which includes an in-depth weekly market report<\/strong>, detailed market updates,<\/strong> and NFTRH+ <\/strong>dynamic updates and chart\/trade setup ideas. Follow via Twitter<\/strong> @NFTRHgt<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

These daily charts are flipped over to a view that is \u2018anti\u2019 their normal selves. I have often referred to the improbably bullish (to many; NFTRH has tracked and respected the bullish dollar for a year now) US dollar as an anti-market, the liquidity collector from the global liquidity-driven and speculative mess created by the […]<\/p>\n","protected":false},"author":31,"featured_media":56384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6920],"tags":[31721,31719,31724,31718,925,31720,3749,2575,31722,31723,1031],"class_list":["post-57313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ino-com-contributors","tag-copx","tag-dbc","tag-djw","tag-gdx","tag-gld","tag-gyx","tag-slv","tag-spy","tag-xlb","tag-xle","tag-xlf"],"yoast_head":"\n'Anti' Markets - INO.com Trader's Blog<\/title>\n<meta name=\"description\" content=\"Here is a look at some markets in their opposite or \u2018anti\u2019 suit. 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