Observe with me the stock chart of Luminar, a company ostensibly making self-driving automobile technology, which has lost about 90% of its value and is present at never-before-seen lows: The happy young man you see picture with the chart is Austin…
Disappointment, thy name is precious metals. Take a look: Here we see: An incredible island reversal pattern (see green tint); A failure to get past new resistance (red arrow); Failure of a major uptrend (circle) It’s pretty clear gold is ann…
FEEDI take no pleasure in writing it, but I must be true to my chart – – the EFA (worldwide equities, sans North America) has tagged what could be a very important Fibonacci support level. The prior instance of such a tag is also shown. I m…
Good morning, everyone, and welcome back from the three-day weekend celebrating the founding of our once-great Republic. I am delighted to say that there will be no more holidays until September, unless Congress panders to another special interest …
Let us begin with this post from an individual over in the land of wallstreetbets who is bemoaning the fact his $340,000 trading account has been beaten down to $88,000 (a 75% drop) due to picking up such gems as TSLA and ROKU. As you will see, he …
Precious metals haven’t basked in glory days since 2011, over a full decade ago. Earlier this year, due to the Ukraine war, gold had a brief day in the sun, but it has tumbled about 15% in the past four months. Precious metals seem to be good…
Yet another weed wipe-out. Not that daily pot smokers aren’t, ya know, great guys and all. I’m just a simple chartist and wanted to share another 95% disaster with everyone.
Graphic
Super busy day for me. Crazy busy. Here’s one of the literally 100 members of my Bear Pen I think is ripe for shorting. Death to the bulls and all other evildoers!
Check out how crude oil has failed its triangle breakout and is now neatly beneath a price gap. I’d say the rest of 2022 will be, on the whole, lower for energy prices……..in sharp contrast to what, oh, every other human on the pla…
