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US Inflation Rate – March 06, 2023
Posted on March 6, 2023 4 Comments
A case can be made for a 100+ year triangle is complete and inflation, while pulling back now, has begun a bull market? Yes, I know that sounds crazy .. but, either way, would hate to see a close above the that upper down sloping trend line …
JUNK (JNK) Bonds – March 05, 2023
Posted on March 5, 2023 Leave a Comment
The credit markets are a very important measure to monitor/watch w/ regard to equity volatility and strength. A correlation exists where deterioration w/in the Junk Bond market usually leads to or portends to weakness in the equity market and/or an increase in volatility. We have a VERY important pattern appearing on the hourly JNK BOND […]
IBM – February 25, 2023
Posted on February 25, 2023 5 Comments
Relative strength REALLY helps us understand the institutional flow …using basic numerator / denominator we place one security over another (it can be anything liquidly traded) and if the chart goes UP the NUMERATOR is “stronger” from a relative strength perspective and if the chart goes DOWN then the DENOMINATOR is “stronger” from a relative […]
Natural Gas Part II-February 24, 2023
Posted on February 24, 2023 3 Comments
This morning I posted the “measured move” on the Continuous Contract Nat Gas Futures from a monthly scale. Here is the link: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-february-24-2023/ Measured Moves are the most underutilized YET most POWERFUL tool in our toolbox. I think people don’t use them because they clutter their charts w/ lagging, coincident indicators … moving averages, bollinger […]
Natural Gas – February 24, 2023
Posted on February 24, 2023 3 Comments
It’s been a while since I blogged about Natural Gas. And, what a ride it has been …because those of you who have been following me for a while, know that I got into UNG around 9 bucks almost two years ago and -GUESS WHAT – I’m still holding it! Yes, probably the dumbest thing […]
Eggs – February 14, 2023
Posted on February 14, 2023 7 Comments
Eggs, perhaps a price break coming now – soon? 1.618 price projection from the 1980’s about to be hit.
GOOGL DOODLE – February 02, 2023
Posted on February 12, 2023 2 Comments
Congratulations to the Kansas City Chiefs. Man, what a game …well done NFL to a very entertaining and competitive event. Oh there was definitely the undertones that one would expect but, dare I say, they almost promoted THE diverse and amazing country of melting pots we are …? Maybe ? Last, the commercials confused me […]