Surprise level: ZERO. Americans are simply not going to pay $80 per month to ride a stationary bicycle in their homes forever. They want cheeseburgers. Not avoidable labor. Even with this ridiculous Santa Claus Rally, PTON keeps slipping lower, and…
In spite of yet another strong overnight session for just about every asset on the planet, the odd man out with the world of crypto. Here’s the Bitcoin /BTC futures in recent hours……….. Of course, during the year as a whole,…
Today is a really big shoe for me.
FEEDof its counter-trend rise.
Well, the tech bulls did it; the /NQ futures have pushed above a line that has proved to be formidable resistance for weeks, until this morning: The real question is – – will this be a setup to assault the lifetime highs (made on Novemb…
As 2021 heads toward its end, the market has its 69th record high looming on this first day of the last week.
Still working toward a 5 day cycle projection of 4755. But there’s a ton of resistance indicated 4745-50. If it doesn’t roll over there, next target would look like 4780-85.
Ciao!
Holiday Wishes and Publication Schedule
Get Ready …
OK, this is going to be an unusual post. It has nothing to do with charts, or finance, or theology, or philosophy, or my personal life. It has to do with a hardware product called the Milwaukee M12 Airsnake. There are three relevant facts here: (1)…
What would be truly optimistic would be to surrender our dependence on asset bubbles and malinvested debt to prop up an unstable delusion of effortless “wealth.”
I’m on a train back to Warsaw. There are about 100 passengers on this car. I took precautions.
The bulls are also well protected.
For now. 5 day cycle projection 4740-50.
But the time bomb goes
tick
…