NDX and SOX filler their upper gaps Ref. last Thursday’s… Not in love with these gaps While SPX and DJIA are still working on theirs, the market leader (Tech) and its leader (Semi) have filled their upper gaps. There are still lower gaps to be dealt with some day, but until this is a real and hysterical Fed-fear event that may come later. In order … Continue reading Two of four gaps filled
Just an FYI for anyone with interest in Palladium. The target established last summer was 1600. This morning Pd has dive bombed to 1598. Close enough, eh? I am not making a comment about Pd fundamentally because I am not astute with this market. But if you are and wanted to buy, this is the point to do it (with a mental stop below the … Continue reading NFTRH+; this metal finally hits target (futures) [post unlocked]
The inflation Genie, that is… In this great adventure, the Fed creates inflation and then attempts to put it back in the bottle. Good luck with that! Federal Reserve: “Get back in that damn bottle, you bastard!” After last spring’s inflationary hysteria by the public… …and to this very day its lagging effects (click pic, get article)… …the distinguished members of the FOMC will conspire … Continue reading Stuffing it back in the bottle!