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Gilded Equities

If you like Gold you should like stocks in the general. The two run up on the same fuel, money. Paper money is coming out of the hopper so fast the Wall St. [Underpants] Gnomes cannot put that money to work. The real danger?? is a melt-UP. To get there we should assume there is … Continue reading Gilded Equities

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Gang Banger Rally (Jets and Sharks, retro update!)

In this shorter time frame you can see the punk money flows, which leads us to the casual question, where is the buying coming from, and that is obvious, THE FUTURES MARKET... And the FUTURES market implies an element of foreign interest. Yes the dollar has been much better the last few days, and PMs … Continue reading Gang Banger Rally (Jets and Sharks, retro update!)

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Your Bipartisan Post-Election Night Market and Economic Compendium

​ Covid has ​unleashed a gigantic power grab by the extra wealthy 1% ​of Americans​ (who managed to ​profit obscenely from the monetary ​expansion). Mortgages in ​forbearance usually ​signals a decline in the housing industry, ​yet home sales are strong?! Th​e wealthy are ​buying assets, including the best Real Estate they can at any price. Climate change​ has changed everything, and the … Continue reading Your Bipartisan Post-Election Night Market and Economic Compendium

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The cards have already been turned over

The election is only a pregnant pause at this moment. While momentous the outcome is fairly predictable, even if the incumbent president does somehow win reelection, he has no mandate, hence his extreme statements and views are those of a man with no control over events, (like the pandemic.) Articles suggesting a full government moon … Continue reading The cards have already been turned over

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On the other side of resistence, in the same place we were in June, May I offer my support…..

This chart dovetails with some short term objectives. According to sources in the market, and whenever a soft consensus like this exists you take the information at face value, the expectation is that the market will go on hold from now until the election. That is really asking a lot, the presumed president elect has … Continue reading On the other side of resistence, in the same place we were in June, May I offer my support…..

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Inside the playbook in a busted season

Basically we went from an economic foundation of zero to 5 trillion in ten years with no inflation. There was a lot of asset inflation, and it was offset by labor offshoring and lower energy prices achieved through financial credit expansion of corporate debt. The Accumulation/Distribution line is a volume oscillator which was created to … Continue reading Inside the playbook in a busted season

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Stuck in the middle with you..

https://www.youtube.com/watch?v=OMAIsqvTh7g They keep tap tapping on the support line like it doesn't really matter.. What they are trying to do here, is BLUFF THE FED into giving them something... We break this support line and it gets really ugly JEROME, you want that to happen JEROME. A nervous Jay Powell asked yesterday, HAVEN'T WE DONE … Continue reading Stuck in the middle with you..

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A Monday Melt-Up with Artificial Sweeteners…

You can see the soldiers rushed into battle without any generals, (or bullets). However maybe the Cavalry is coming. or let's call this market action "Bluff the Fed, day.." If we take em' up a percent and a half without any money action the selloff could be ugly. May also be Stevie M. is working … Continue reading A Monday Melt-Up with Artificial Sweeteners…

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Short Term Turning Point (A dance step back)

At the moment the double bottom in the top chart, dashed orange line in the lower charts, is breaking. Should we close down here, then it becomes a matter for the overnight futures on Monday to resolve the issue. Let me say that Treasury and Fed are going to be extremely proactive at this point. … Continue reading Short Term Turning Point (A dance step back)

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“This line is in play…” breaking news update….

Prices dropped to the 336 area quickly, and now it is crunch time. Play and Pray... The action suggests a break. Time to paint the pictures with words. As Jesse Felder points out, the options market has blown up. Market makers can't raise premiums fast enough. https://thefelderreport.com/2020/09/02/a-speculative-feeding-frenzy-like-weve-never-seen-before/ I was in there yesterday and the OI … Continue reading “This line is in play…” breaking news update….

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The turning of the guard….

https://www.youtube.com/watch?v=pyJUmK3fUTs The turning of the guard is the turning of the screw and the changing of the guard in one motion... The president is out, no other reason for CBS to give him an infomercial, (and Fox to invite him to cry on Chris Wallace's shoulder) except he is the president, and they do care … Continue reading The turning of the guard….

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“Let’s do the Twist, like we did last summer….”

Following the 1998 rate cuts into a speculative stock market, and then facing the threat of Y2K, which is the computer variation of the Corona Virus. The result was a permanent flattening of the Yield Curve, which did not finally steepen until the stock market crashed, or perhaps because of it. The last instance of … Continue reading “Let’s do the Twist, like we did last summer….”

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The Church of What’s Happening Now

American pragmatism is globally unique. The conspiracy theory surrounding the Corona Virus is built by the Alt Right, and the Democrats used the crisis as a cover to defeat Donald Trump in 2020. How they knew the virus crisis would defeat him, not make him look the powerful leader they know he really is, how … Continue reading The Church of What’s Happening Now

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Through the VIX Looking Glass updated 10/07 with concurrent call from Under the Shark Volcano..

Update 10/08: A mirror chart assumes the left side can be reversed on the right side. There is very little standard charting work to suggest this is necessarily valid, though I have seen chartists do this, and that is where I got the idea. The rationale behind applying this, and actually seeing it work, the … Continue reading Through the VIX Looking Glass updated 10/07 with concurrent call from Under the Shark Volcano..

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Return of Jumping the Shark !!!

September 18th, 2019..... The line in the water was crossed, again and again. Since technical lines of support resistance tend to be hard lines, this sort of fuzzy logic must seem confusing to newcomers to the field of technical analysis. A full explanation to follow We keep returning to this level, we may as well … Continue reading Return of Jumping the Shark !!!

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Yield Curve History (Update 11/06) incl PREQUEL to “Yield Curve Intolerant”

We could already have established a benchmark on the YC at around that historic .2 level. The hidden signal here is the ROC, or Rate of Change. Circa 94 the ROC was a modest 200. In the current situation it has already hit 600 which is still much lower than the alarm bell readings in … Continue reading Yield Curve History (Update 11/06) incl PREQUEL to “Yield Curve Intolerant”