Now that IYR broke its trendline, the slippery slope is kicking in.
And now we have the latest TSLA wanna-be, Rivian, reporting their “earnings” (umm, losses). The stock is now down 90% from its peak. Of course, I’m sure every single analyst on Wall Street gave it a Strong Buy, since every one of …
Just two years ago, Intel looked like one of the strongest, most stable, most promising equities in the known universe. This chart is a thing of great beauty, and INTC had made many people a tremendous amount of capital appreciation. It just goes t…
That technological revolution sure didn’t last long…………
Powell Powell leading the way
Federal Reserve here to stay.
Graphic
Natural gas popped higher yesterday, and everyone was scurrying around saying it was time to buy NG. Zerohedge was particularly enthusiastic. Well, the pop didn’t last. My sinewave continues to hold sway:
Let’s face it, the market might be a snooze-fest until Thursday morning, so let’s trot out at old favorite ETF, which is IYR, the real estate fund. This hit a major bottom on October 13th (of course) when it tagged its Fibonacci retrace…
Charts
Graphic
