If you’ve had the pleasure of visiting Norway in recent years, you may have been amazed not only by the country’s breathtaking landscapes, but also by the number of Teslas zipping around the streets of Oslo. Having surpassed an electric vehicle share o…
After the U.S. troops’ withdrawal from Afghanistan in August 2021, President Joe Biden’s approval rating dropped from the mid-50s to the low 40s. So far, Biden hasn’t been able to get back into the good graces of his constituents, who in the last weeks…
I concluded last week that the small number of signals, particularly buy signals suggested that the rally was exhausted, despite the buys having the edge. I chose not to add any charts to the list, long or short, but held on to all of the shorts that had been on the list.
That looks to have been the correct judgement.
This week, I’m adding 5 more shorts to the list.
Could it bee-e-e-e-e-e-e….
http://capitalstool.com/music/satan.wav
Short term cycle projection 1.90. Conventional measured move target from the massive high base inverse head and shoulders pattern, 2.35.
See Breakout Under Way!
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What is the consensus about the economy today? Will 2022 growth be better or worse than 2021? Actually, that probably isn’t the right question because the economy slowed significantly in the second half of 2021. The real question is whether growth will improve from that reduced pace. The Atlanta Fed GDPNow tracker now has Q4 […]
After China’s once-in-a-decade census had already corrected the number of births in the country downwards considerably in 2020, the latest release from the National Statistics Bureau of China (NBS) shows that in 2021, even fewer babies were born in the…
In a survey commissioned by the United Food and Commercial Workers union and carried out by nonprofit Economic Roundtable, a substantial share of Kroger employees who live in areas with high cost of living have said that they struggled at least once be…
Here’s “politics” in America now: come with mega-millions or don’t even bother to show up.
Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
Every time Consumer Sentiment has dropped from 88 to 70 there’s been a recession. It’s done it again.