Back in September I wrote to you about why I was giving up on the banking system indicators. I’ve reposted that rant in an addendum to this report. Essentially it boils down to this. Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the criminals.
Any time a price pulls back to a line from which it had broken out just before, I call it the “return to the scene of the crime.” It applies in both directions, and at any time frame. It happens A LOT. I think most of the time.
phase to play well.
Either this is it, right here at 5:30 AM ET. Or else 3770 on the ES this afternoon.
Oh there’s no place like home for the holidays.
Except if you’ve been locked up in it for the past 9 months.
Wanna get away?
Asia woke up last night and right away started buying, and kept going all night. By the time Your a Peein mark…
The current setup has the potential for an explosive rally. It doesn’t guarantee it, but we want to be prepared to take advantage if it happens. By the same token, we want to be alert for the signs that this could go south on us.
The charts, tables and discussion in this report show what to look for, with some ideas on how to trade it.
I wish you the best possible holiday under the circumstances.
At least there’s finally light at the end of the tunnel, as long as we get to the other side of this black hole on January 21. I’m not entirely sure that we will.
The stock and bond markets also seem to have some doubt.
Of course, shit like that happens when you’re 70 fucking years old, so I don’t know how significant this is.
And I have a sore throat this morning. Is that bullish or bearish?
As gold works on completing an important intermediate low our last round of mining picks are swinging higher. I have added stops to the newer picks and adjusted stops on existing picks to protect profits but give them room to run.
As you know, Dennis Rodman was one of the greatest rebounders in NBA history. Likewise, after his career, he always had the knack of rebounding into the spotlight in strange and mysterious ways.
Meanwhile, back at the stock market, t…