I present below the ratio chart of $NDX to $SPX. The big question: is this the ideal place to buy tech stocks, since we’re at the supporting trendline, or is this the place where support cracks and tech goes from Bad to Worse? I’m guess…
Next week is going to be big (and will drive the Fed decision in the week that follows):
We haven’t looked at this fascinating ratio chart in a while, so let’s dust it off. This is the S&P 500 cash index divided by the M2 money supply. As a reminder, this is, to my way of thinking, a more honest reflection of the market…
CHART
Greetings from rainy, cicada-noisy, dog-loving North Carolina. In spite of sneering suggestions from a certain troll to reject “mysticism” and respect only “rationality“, I did try to give everyone the heads-up in my weird p…
This is a multi-year channel; I’ve been watching this like a hawk. This is the one and only tidbit of bearish good news since, oh, the breakout of the Korean War.
There are two important resistance points for Apple Inc (AAPL): its price gap and its descending trendline, which just so happen to converge at almost exactly the same spot. As of now, it’s holding fast.
They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on /wsb is about one stock and one stock only: BBBY. It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s vo…
FEEDLet’s start off with a simple fact: out of 100,000 people, you’ll find maybe one true bear among them. There’s hardly anyone that’s ever going to posit a bearish argument about the stock market, because they have no vested i…
He’s a $5,000,000/year shithead.
