Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Six of One, Half Dozen of Other

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

It was a pretty big weekend for me.

Liquidity moves markets!

Follow the money. Find the profits! 

When I went to bed on Friday night, I owned one house in Palo Alto.

When I woke up this morning, I now own four quarters of a house in Palo Alto. Sweet, huh?

I mean, that’s the logic these days, right?

You can’t fault – – well, everyone – – for their blind optimism. You’ve had eleven years of ceaseless “accommodation”. You’ve had a federal government which has utterly whored itself out to the upper class. And, collectively, you’ve got the largest, dumbest collective of freshly-printed investors to have ever existed who, by the way, have been doing great.

August has been no exception for markets, such as the NQ:

Although the lifetime highs in the ES and NQ seem to have burned off (I am typing this not long before the opening of the regular session, and the ES has actually managed to flip red).

It hardly matters, though. Powell would sell the soul of his children to the devil to make sure he never gets a mean tweet again.

The small caps, portrayed below by way of /RTY, have mercilessly teased, tickled, and taunted the March 23 trendline (including just a few days ago, as circled) but just won’t break it. Until it does, this nauseating permagrind will simply go on until we all die of boredom.

It will, in truth, be fascinating to see what the po-stAAPL split and post-TSLA split psyche looks like, as this appears to be the public’s latest fetish. Personally, I think it’s madness, but I’m afraid the past eleven years have not belonged to thinking people, and I don’t have hope of that changing.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.