Here’s some drone footage my son took during our family trip to the wine country last week.
The following 60 minute chart of the S&P 500 Index (SPX) shows intraday support and resistance levels at 2650 and 2700, respectively.
The momentum and relative volatility index technical indicators have plunged on today’s action, so far (as at 1:15 pm ET, Thursday April 19), and price has fallen back into the lower 1/4 of the uptrending Andrew’s Pitchfork channel…all of which are suggesting that the latest attempted rally that began on April 2 is pretty weak, but the pullbacks that have occurred since then have been tight and shallow.
However, the level of volatility and momentum in today’s intraday action may indicate that this may end soon and that today will mark a pivot point of some kind. Either we’ll see price break free of this tight trading action and spike to 2700, or we’ll see price plunge down to 2650, with a continued breakout in either direction. (more…)
This just hit the wires – – someone managed to sneak a video from inside Theranos of someone playing the “Kill John Carreyrou” game the employees had made, Space Invaders-style. A reminder that Mr. Carreyrou was the multiple Pulitzer Prize-winning journalist who uncovered the huge scam run by Elizabeth “Crazy Eyes” Holmes and Sunny “Headin’ to Court” Balwani.
Good morning, everyone. I got up extremely late (6:20 a.m.; I have no ideas why my dogs let me sleep in) so this is going to be super quick. I can just say this: it is such an absolute delight to wake up to this:
It has been heartening this week to see that bonds are, at long last, started to weaken again. Looking at the intraday chart, you can see the breakdown, particularly in the form of lower highs.