This morning’s shocking news from Microsoft has been utterly neutralized. Even so, let’s stay in fantasy-land a bit longer and imagine that Microsoft is still in a major topping pattern. If that’s the case, what’s the best-c…
Well, poo. Last month I was really loving this stock market, and now it’s being a royal pain in the ass again. This morning, it looked like we’d be ready to have a rocking day, what with the Microsoft news and the Fed heads talking down…
The title pretty much says it all, but to recap: Apple is the most important NASDAQ stock there is; It also happens to be one of the few stocks propping up this still comically-overvalued stock market; It respected its channel for years until just …
This is a bit of a guess on my part, but I think crude is sputtering with its breakout. If it does, I think you’ll see XOP and XLE fall in short order. This entire sector is very, very expensive thanks to years of virtually uninterrupted asce…
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Charts
Time to relax before the big week ahead. Enjoy this performance of Rhapsody in Blue; we’ve all heard it a million times, but it’s a joy to actually see the instruments involved and the talent behind them:
One of the most interesting things that has happened over the past eight trading days has been the explosive move higher by the high-yield funds which, until May 18th, had been getting absolutely brutalized. Their exhaustion and descent from these …
It was pretty clear that Memorial Day Weekend was going to be a very green one when Ethereum hit its support around $1700 and cheerfully bounced higher. Of course, the best of ALL possible worlds would be for the equity futures to get this Fibonacc…
See these? I want it known, for the record, there are not called Bullish Bases. They’re something very different. And although it isn’t shown in this timespan, the present one looks much more like the 1929-1930 top that any others elsew…