Author Archives: Tim Knight

Wednesday’s Interesting Charts

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I think I’m going to be uncreative this week and, at the end of each day, just toss out a bunch of charts that I found had interesting market action that day and share a few words about each of them. Maybe tomorrow, when I’m semi-conscious and less jet-lagged, I’ll do better. Here goes….

The Dow Jones Composite has finally, fully, broken its wedge. Hurrah! This is a good thing. Next goal: break the green!

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Into the Wild Blue Yonder

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Well, friends, I’m off to the airport to begin a long, long, long flight. Five-star general Iguanadon has the keys to the car, and Slope’s contributors have stepped up and stated they will be doing plenty of posts for the next couple of weeks. I’ll still sorta kinda be here, just not quite as persistently as usual. My travels usually coincide with market turmoil, and hopefully this time will be no different. Up, up, and away!

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Data versus Attitude

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This screen shot below just goes to show how a single data point can be spun according to the disposition of the observer. Reuters Business is “just the facts, ma’am”, when it comes to this morning’s consumer confidence number. Business Insider is the typical rah-rah, permabull, USE ALL CAPS zealot (BOOM – Good Lord, people). And, of course, our friend Tyler at ZeroHedge sneers at the ostensibly good news. As journalism students have long been told: “consider the source.”

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