I’m not especially interested in waxing poetic about a market which has gone up over 1,000 points in just the past week, so I’ll share this with you instead: someone sneaked in a camera into the original Book of Mormon (which I was fortunate enough to see in NYC with the original cast). Naturally the video quality isn’t great, but I watched this again from end to end, and I’m so glad someone out there took the risk to capture this! Enjoy……….seriously:
Apologies for the late post today. My wife has been unwell and I’ve been juggling various priorities today.
SPX has spent the last couple of days forming triangles on both ES and SPX and the triangles have now broken up. This should deliver at least a retest of the current swing high at 2182.30 and when seen that will set a possible 60min sell signal brewing. It could reverse there, though my lean would be to then see a retest of the all time high at 2193.81, as I also have a larger fixed flag target there. Hopefully by then the current move will be better defined with an identifiable pattern. SPX 60min chart:
I’ve made a conscious decision to pretty much move on from the silliness of Trump towers, erections, pants tents and other Trump-centric commentary after having fully wallowed in it last week and incorporated it into NFTRH 421, which is a serious piece of work that also worked in these themes. I am actually very concerned that we have put an unqualified spectacle in the White House; a product of American TV and leveraged ‘capitalism’. A media star.
Here is a screen shot of page 41. It’s the Society of the Spectacle.
Here’s Dave Chapelle’s monologue from Saturday Night Live. It’s all good, but the best part is his sincere speech which begins at the nine minute mark. Enjoy!
My apologies for such a long post, but I have a lot to say…
This post will look at where “outliers” are sitting in a variety of world markets, as of the close of the week that saw Donald Trump win the race for U.S. President (those instruments sitting at relatively high or low price levels compared with their respective counterparts and in relation to major support/resistance levels).
They will be shown on the following 1-year Daily charts, Year-to-date gains/losses comparison graphs, and several 5-Year Ratio charts, and will be grouped in the following 10 categories:
- Major U.S. Indices
- 9 Major Sectors + Homebuilders
- Major European Indices
- Emerging Market & BRIC ETFs + BRIC Indices
- Canada, Japan, UK, Australia + World Market Index
- Commodities + US $ + US Bonds
- Major Currencies
- SPX vs World Market Index
- Financial ETFs vs U.S., European & Chinese Major Indices
- Retail ETF vs SPX
MAJOR U.S. INDICES