As an American living in Europe, and earning my keep in USD, I have an abiding personal interest, currently a terror, in the EUR/USD exchange rate.
I have suffered 13% inflation since I arrived in Europe 18 months ago, thanks to our glorious Fed policy of printing money out the ass until it bleeds. Make no mistake, this is their intent.
Originally posted at Capitalstool. Here’s today’s buttcoin watch. Yesterday I had a cycle projection of 39-40k. We’re there. It’s also the 200 day MA. A…
I freely admit to not understanding what’s happening here in the market within my analytical framework. Is it just a short term anomaly? Or is something going on beneath the surface, beyond the view of the liquidity and technical data that I watch. Cle…
Originally posted at Capitalstool. Bulls won yesterday’s screen game by 27 to 8. One of the short term sell signals was an inverse ETF, so that…
Originally posted at Capitalstool. Current bitcoin projection 39,000-40,000.
A 13-17 week cycle high is due for gold, with a projection of xxxx-xxxx (subscribers only), but the down phase should be benign given the…
When I first started doing MACD charts in Metastock on an Apple 2e computer in 1982, I thought that negative divergences between oscillating indicators and the market averages were the be-all, and end-all in TA.
Truth is, they’re meaningless. We …
The balance between QE and Treasury supply has gotten even more bullish and will remain so until xxxx (subscribers only). This should provide a boost…
Well I just filed my tax return. Phew!
Meanwhile, the market is taking a breather. 5 day cycle indicators are headed down but the index is only going sideways. That’s typically bullish. There’s still an unmet 5 day cycle projection of 4200 and in …
I have always been reluctant to post midweek updates. Last week’s market action was a perfect example why. We had the beginning of a crash.…