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Junk Bonds – September 21, 2023
Posted on September 21, 2023 3 Comments
Last post on JNK: https://atomic-temporary-44460632.wpcomstaging.com/2023/08/16/jnk-august-16-2023/ On the daily chart below the JNK gapped down today and closed below (daily) the two trendlines we have monitoring. On the “good” and “other” scale this is an “other.” That being said, the REAL trend line that is CRITICAL is the second chart … a daily close below that […]
S&P 500 – September 14, 2023
Posted on September 14, 2023 2 Comments
Extremely important pattern appearing on the S&P 500 / ES tonight. As I was cruising the charts I noticed this SELL PATTERN on the cash S&P 500: The reason this is so important is the most recent high is “supposed” to be the second wave / b-wave high and we “should” be going down … […]
Apple (AAPL) – September 12, 2023
Posted on September 12, 2023 2 Comments
Last post on AAPL: https://atomic-temporary-44460632.wpcomstaging.com/2023/08/07/aapl-august-7-2023/ Well folks, here’s a VERY important level for the market. We are all pretty aware that “as Apple goes, so goes the market.” Now, of course, you have the FANG and all that but Apple is pretty important. As I was taught by Larry P – in a bull market, […]
Bonds – August 22, 2023
Posted on August 22, 2023 1 Comment
Last post on bonds: https://atomic-temporary-44460632.wpcomstaging.com/2023/07/30/bonds-july-30-2023/ Well, rates are spiking and bond prices are falling like a stone. Yup … and to think, folks, this is just wave one down. As discussed about a month ago, the target for this ending wave down is now around 110 is and then, still, the zone lower in the […]
Eggs – August 17, 2023
Posted on August 17, 2023 Leave a Comment
Last post on Eggs: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/14/eggs-february-14-2023/ Might want to buy up some eggs … if still bullish believe this measured move will be a low for eggs and then off to the races higher? If we blow thru these levels to the downside then a larger correction is ensuing … for now, watch the .786 and […]
JNK – August 16, 2023
Posted on August 16, 2023 1 Comment
Last post on JNK: https://atomic-temporary-44460632.wpcomstaging.com/2023/06/27/jnk-geometry-june-27-2023/ Well, we have a BUY PATTERN on JNK right around the “key” trend line … that’s been holding the Junk Bonds up for all of 2023 and the last quarter or so of 2022. It’s important .. doing “basic” trend line construction we can see the “minor” purple line will […]
