This morning I went to the Office for Foreigners here in Nice and had my fourth vaccination, courtesy of the gouvernament. I would like to thank the French people for their generosity. Of course I will be contributing to the tax system also, as of this year. Through the nose, I hear. But it is worth every penny. What a country! I love it.
Check out the photos from my neighborhood. All within a 30 minute train or bus ride, or walk, except for Toulon and Hyeres, which are a little road trip from here.
Meanwhile, back at the market, we have a little trend break here this morning as of 8 AM in New York, as the premarket trading opens. There’s been zero follow through on that big beautiful 5 day base breakout. However, before you bears get too hopeful, if they hold above 4035, no harm, no foul. The uptrend would then likely reassert itself. Below that, bears ball.
For the big picture:
- Gold Miners Make Short Term Bottom, But Wait, There’s More! May 17, 2022
- Buys Beat Shorts Again in This Week’s Swing Trade Screens May 16, 2022
- Market Rebound Still Leaves Crash Risk Intact May 16, 2022
- Dealer Positions Show It’s Not Getting Better and It Should Get Worse May 15, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
