This is a time when charts are working well for bullish outcomes but for bearish ones? Not so much. Exhibit A is one in the remote work/communications patch, which was a favorite theme of mine during and coming out of the crash. More recently I was watching PLAN as a potential short per the red shaded zone. It looked disgusting, actually. I decided to leave … Continue reading A Sector Ripe for Shorting? Not so Fast…
This is a chart of my IRA’s performance over the last year. Am I topping or am I in consolidation? I’ll tell you one thing; there is no way I’m gonna test support. This thing is way too actively managed, which can be a bad thing on occasion but more often is a good thing. The markets are rotating like crazy and there’s always an … Continue reading Am I Topping?
Folks, I am the guy who’s always talking about keeping noise levels down and frankly I have to tell you that I feel I did a poor job of that with the HUI Diamond cacophony. I don’t like making excuses but insert here the rationale that when writing millions of words over a decade+ there will be times when you just do not exercise your … Continue reading NFTRH+; Pardon the Noise
Note: I’ll be out much of the day (I think). Meanwhile, here’s a look at one of the key asset markets for the reflating macro. The daily chart of the copper price shows a hold of the SMA 50, a bounce to important resistance at 3, a pullback and thus far a hold of the short-term EMA 20. On this view copper remains bullish until … Continue reading Doctor Copper: Scrip Still Being Written
