As an email from [omitted] entitled “Cyclical Indicators Soar” hits my inbox, I thought I’d update a cyclical indicator of another kind. You know, the friggin’ cyclical indicator that preceded them all? Why, it’s none other than our Canary in a Coal Mine, the Semi sector and in particular, Semi Equipment. The progression and projection we used back in 2013 was Semi Equipment → Semis → General Manufacturing → Jobs → Completely bubble headed euphoric mania with a business friendly corporate stooge in the White House. Okay, well I just added that last part in, but you get the point.
Sounds like a saucy subject post, doesn’t it? But I’m serious.
I recently fell into an email conversation with a SlopeCharts user who expressed a strong interest in seeing stock data for a particular country outside the United States. Given the success of cryptocurrency data on SlopeCharts, I’ve been increasingly interested in offering other kinds of data and equities from other countries. So if you have something in mind you’d like to see on SlopeCharts with respect to a data offering, please email me. I’m interested!
Surprisingly interesting action on SPX/ES today and the possible 2017 highs on SPX and NDX that Stan and I are looking for in the next three or four days may already be in. Intraday Video – Update on ES, NQ and TF:
If it weren’t for cryptos, I wouldn’t have anything to talk about. Because, Jesus Tap-Dancing Christ, the completely-rigged, utterly-controlled equity markets have become as boring as the director’s cut of a Janet Yellen sex tape.
Having said that, it’s refreshing to see charts which actually act like charts, such as LiteCoin (which seems due for a breather right about now):