There is way too much going on out there for a blogger to try to summarize without sounding like a goddamn sports announcing play-by-play caller. Oil this, Huawei that, Trump the other thing… but here is one other thing that does matter. The consumer is still driving services while industry eases. Thing 1 (consumer-driven services) is among the most laggard economic indicators out there. Meanwhile, … Continue reading A Tweet, a Jawbone, a Policy Notice or… ?
It turns out the stock market appears to have taken the “grind” theme literally. The ‘W’ pattern is getting eliminated this morning (if pre-market activity holds up into the trading day). That is a good thing for the current analysis because the potential ‘W’, like the potential Inverted H&S before it would have measured to a new high at around 3000. Instead what is taking … Continue reading NFTRH; Stock Market Grinding Machine, Daily & Weekly (medium priority)