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Author: Tim Knight

Animal Spirits Aligned

One would think that the securities representing ownership of corporations and the world of digital currencies would have virtually nothing to do with one another, but in this all-assets-aligned world of ours, that isn’t the case. Once again,…

Gas & Gold

This came through on my Twitter feed Wednesday: Well, here’s the continuous contract of gold as far back as I’ve got it……… And here is crude oil, which goes back decades, but not as far as gold……. I divided…

He Just Shorted TSLA

OK, I’ve done it. I’ve shorted Tesla. This time, in size. Execution price: 1038.39 A triple-digit close today would sweeten the pot. And a shooting star, yeah, that would be nice. Really nice. Here is the longer-term chart; that trendli…

Nikola’s Theme

What we see below isn’t the exclusive domain of beleaguered Tesla wanna-be Nikola (NKLA). It is present on plenty of stocks which, on the whole, have been falling for many months. Just about the only thing in its favor at this point is that i…

Debt Domes

The credit-sensitive bond market led the stock market down hard for much of this year, and it led it right back up last week. Here are three major funds below; the long-term patterns are obviously still very toppy, but it’s hard to tell wheth…

Dead Cat(hie) Bounce

The bulls are doing victory laps, because even garbage like Ark Capital ETFs had a great week (in fact, I think the best in their history). I would quietly note that this is the NINTH dead cat bounce in the midst of this bear market for the likes o…

Commodity Catch-Up

The way the market traded last week, you would have assumed that Putin had surrendered, peace had broken out, and love was in the air. None of those things happened, even though it seemed like it, so I still believe commodities demand special atten…

Russell 2000 Resistance

The small caps have been banging around their range ever since they entered it on January 18th. We are getting close to the top of that range. I would point out in particular the blue trendline; any surviving bears out there do NOT want to see pric…

Europa

Let’s jump overseas and look at a few interesting outside-the-US ETF charts. First up is the Eurozone, which is sporting a massive rounded top pattern. The monster question has to do with those two horizontal lines – – has the bou…