Funny story: My daughter is taking a class on Marxism and she informed me that she thinks I’ve been a Marxist the whole time of her growing up as she recalls the critical stuff I’ve had to say about the Society of the Spectacle and the whole idea of human automatons and the commoditization of life in the face of the modern, mechanized society. If … Continue reading K-Stars by Stereolab
The Citi Economic Surprise Index is going one way and the S&P 500 the other The S&P 500 and the forward views for the market by analysts are rising while the CESI goes the other way. Sounds about right for this market. Just an fyi visual to consider… From the trove of treasures at Yardeni Research: For “best of breed” top down analysis of all … Continue reading Even Negatively Surprised Economists Have Not Stopped This Market (yet)
Various US stock market sectors vs. SPY/SPX (daily charts) On April 12 we had a look at the longer-term weekly trends of various sectors relative to the broad SPY. Here are some closer-in daily views. As before, it is the relative trend that is important (as opposed to normal TA) in determining a sector’s merit vs. the broad US market. What we see below is… … Continue reading vs. SPY, Daily Views
After VIX broke down to fill the 2020 fear gap we noted two new support areas, and the first of those at 15 (actually 15.38) has been hit today. From a contrarian market risk perspective, this is a concern. Not an alarm bell, not the indicated end of the world, but a concern. I may take some more profits because, why not? I earned them … Continue reading NFTRH+; This indicator has hit the next target [w/ edit]
Daily charts of gold, silver and HUI Gold is further on track this morning per our bounce theme. In taking out the SMA 50 it looks like the channel top is up next. Take that out and the SMA 200 would be the focus and the primary obstacle in the way of resuming the bull market. RSI is positive at 56.52 and MACD is crossed … Continue reading NFTRH+; Gold, Silver & HUI
