I didn't bother to draw the lines, the IEF, 7-10yr bond fund, principal value, has been in distribution since late March, with particular emphasis on the recent rally from about May 1. Owners of this security are selling into strength. This is the complementary DTYS, 10 yr yield, it has been under accumulation during the … Continue reading Biggest Head Fake in Yields Ever?
This chart is very bullish I think, since speculators in these leveraged ETFs don't hold on to them long, and accumulation really is antithetical. There was an unconfirmed new high on the 13th and we can take a lot from that as it occurred on a modest volume. I am also liking the way price … Continue reading Energy and the DRIP
"You didn't think little Donald Segretti did all this, do you?"... Above is the Dow Jones Industrials from 1990 to 2000. This was a period of strong stock market gains and the A/D line was strong as well. The 90's was the decade when electronic trading was first announced. Once stock traders were no longer … Continue reading Following the Money. Deep Throat Style.
5/23 News Flash! Pelosi punches Trump in the nose! More on the end of Trump. The Mueller report was embarrassing in ways only an unsophisticated red state voter would understand. Somebody pulled back the curtain on the Great Oz. He is impotent it seems, a criminal without a gang. He is a drug dealer selling … Continue reading Is this the end of Rico Trump?
Those who lived through the 70's remember a few things. A lost decade for the stock market, unemployment, inflation, warehouse stores and generic products. High gas prices. We still have the warehouse stores and high gas prices. https://gallery.mailchimp.com/de2b777f071a0a47f54ed315e/files/50e0a60f-7fbe-40af-8d36-4ecdc36f82bd/AprilGold.pdf I feel ready to post My Gold Manifesto. To start lets say what's wrong with gold as … Continue reading That 70’s Show
If GLD loses it hear, there is no hope, well really there is, at much lower prices if you are a buyer. What does this mean? Well Gold correlates with interest rates, and some other things, like IEF (7-10 year bond ETF) seem to be indicating that the drop in rates and more QE might … Continue reading GLD and others
This chart explains itself, some large holdings in the TIP ETF just changed hands, without much change in the price, but showing up powerfully in the oscillators. Someone has agreed to take someone's else's risky asset. Looking at this chart it is all blue sky! Now we try to deduce what is really going on … Continue reading More on TIP