What indicators were most helpful in nailing the bottom?
Commodities have been strong for weeks now, but the price gap (marked in red) represents, to my eyes, an important point of resistance. More specifically, the largest component of the DBC instrument, crude oil (shown here as USO) has been the drivi…
Like most equities, Nordstrom (JWN) has had a very strong run since stocks bottomed on August 15th. Is it setting up another short entry? Here’s the chart.
Tim says, “It is absolutely core to my thesis that banks complete their topping pattern. They haven’t broken it, but by God, they’re not making this easy.”
It’s getting ugly in the San Francisco zone, people! At least we have some experienced Wall Street wizards to guide us.
Anyone who thinks that crypto is experiencing some kind of resurgence is misinformed. Here’s why.
Professionals who are paid millions of dollars per year to dissect such things must know what they are doing, right? Uh…. no.
One of the standout momentum stocks of the past year has been Planet Fitness, but it’s become quite evident that a reversal of fortune has taken place. The topping pattern is complete.
The bloom certainly seems to be off the Treasury Bond rose as of late. During the all-too-brief drop in equity prices, bonds and gold were the two safe havens. Both of these have now been punched in the face.
It’s only been dead two weeks, but I’m already nostalgic for the Trade War.