It’s honestly just beautiful. A channel spanning an entire decade, once broken, created rock-solid resistance:
Paypal, of all companies. It’s incredible how many companies are getting blown all to hell while goddamned Apple is keeping this entire farce going. It’s down yet again today (not reflected in the chart below, since I took this screensh…
I’ve read some grumbling and hand-wringing with respect to the real estate fund symbol IYR, whose analog I’ve mentioned a number of times. It’s certainly been stubborn about weakening, but I wanted to provide this perspective on w…
Again, he gets paid $5 million a year for this. And in spite of it, even today, people are coming on bended knee to get his counsel. (And pay to have access to it). In fairness, though, all the “pros” on Wall Street are equally inept. O…
As of yesterday, the markets had spent the month in a steady progression of lower lows and lower highs. The most recent “lower high” to watch is represented here with an arrow. At the absolute peak of Tuesday’s rally, we got a sin…
The market in recent days has been, for me, uninspiring. I’m far more engaged with my novel-writing than I am these exasperating financial markets, but the show must go on – – – so I went through my entire watch list of futu…
Far and away the biggest financial story on Tuesday afternoon is the wipeout in Netflix (NFLX) shares. The stock had already lost an eye-watering 50% of its value in half a year’s time, but it wasn’t finished crashing. The stock is down…
Well, I had become accustomed to Sunday being the Everything Green day, as the deeply-embedded Stonks Only Go Up psychosis always commenced each and every new week. What a refreshing change to see a sea of red. We’ve taken out last week’…
Finally, something besides Fed ramblings and Ukraine news to drive the market. And then, of course, the week following is the Big Kahuna.
Want to see a real bear market? I present to you: United States Treasury Bonds (AKA faith in the future of this once-great country): That major trendline break in recent weeks is a stunner.