The Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin’ fish in a barrel it was, except that at the time I was too inexperienced to see it. It was a steep slope and blow out. The 2006 bubble in copper made a consolidation and a steep slope and blow out … Continue reading What Expiring Bubbles Look Like [w/ edit]
I made a big deal about the hype of an INVERTED YIELD CURVE… OH MY GAWD HEAD FOR THE HILLS!!! last summer as the public was treated to CNN, Fox News and scores of other dunderhead mainstream media outlets with robots reporting on something they know little about. The public? It was shitting its pants thinking ‘The yield effing curve??? Inverted??? I don’t know what … Continue reading Wrong-Headed MSM Yield Curve Analysis
Healthcare in general and Medical Devices in particular have been very strong lately during the stock market rally. What the device sector also has is a smoother fundamental profile than most sectors during economic soft spots and recessions. Preamble aside, BSX dropped hard on a sales miss that I don’t think is a big deal, beyond the initial knee jerk disappointment of the momo analysts … Continue reading NFTRH+; Opportunity Ahead in This Medical Device Co.
This morning in the futures market the Amigos are still showing a cyclical bias with copper remaining plucky in its rally as the US and China put the trade war relief bid in the bag and yet gold (relatively counter-cyclical) hangs tough and silver (cyclical/counter-cyclical cross dresser) is okay as well. Click the charts for a larger, clearer view. Gold (daily) spiked to a new … Continue reading 3 Metallic Amigos
