Multi-Market Update (NFTRH Premium)

Following is a detailed update of the US dollar, precious metals, US and global stock markets and commodities, which was sent to premium subscribers this morning. 

The update is passed along to eLetter readers to remind you that NFTRH premium is a well rounded service, with not only a detailed 25-35 page (pdf) report emailed each Sunday, but as many or as few interim updates (posted at NFTRH.com and emailed) as required to keep us on the right side of markets. 

Today’s markets are not cut and dry and I simply think NFTRH is the best overall service of its kind, bar none, in its ability to keep its subscribers on the right side of global markets. 

Multi-Market Update 

Add the US dollar to the list of items that are in question and on the move.  The green circles show the higher highs and higher lows made by USD since the May low.  In June it spiked down, tested that low and then shot higher.

Most recently we noted that the modest new high was enough to keep the uptrend going and that USD can correct, even all the way down to key support in the most extreme case, and still keep a bullish case going.  In making a lower low to July, it is in danger of losing initial support but is clinging to the MA 50.  The two most recent peaks would in that case be a double top of short-term significance only.  Whether or not Uncle Buck holds support right here is very key to other markets and their bounce/rally potentials.

…..click chart or HERE to read entire comphrensive analysis