A Friend’s Schadenfreude

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A few days ago, a friend of mine asked me if I wanted to enjoy a bit of schadenfreude with him. He knows me well enough to realize this is the equivalent of asking Oprah if she wants to go check out the new doughnut shop in Chicago that’s having a buy-10-get-20 sale. Of course, I said yes.

He told me the woman who had cheated on him many years ago was starting to have her what-goes-around-comes-around moment in life. See, way back when, my friend sat me down and told me in great detail about how his girlfriend had been cheating on him and how he put together the pieces and confronted her. He was pretty shaken by the whole thing, although I can assure you now his life is just dandy, thank you very much. Still, at the time, this woman – Elizabeth Collet – kinda broke his heart.

So it was with no small amount of glee that he started to bring me up-to-date on her life. For starters, some years ago, she got nailed by the IRS as follows:

irs

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RUT – The Sleeping Giant Awakens?

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Back to back reversal trend days which we haven’t seen in a while, and NQ has now made the new ATH that Stan and I were looking for. My video was moved from premarket to just before midday this morning, as a big Windows 10 update took my media computer hostage for several hours and I had to wait for that to finish. Here is the section on ES, SPX, NQ and TF. Intraday Video – Update on ES, NQ and TF:

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Boing!

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I cannot remember the last time I’ve grabbed my iPad from the side of my bed in the morning, fired up thinkorswim, and actually saw red on the screen. The ES and NQ are green. Every. Single. Day.

This morning, naturally, is not exception. Concerns about the let’s-finish-raping-the-poor tax travesty bubbled up yesterday, and the ES actually managed to fall a few points. Well, the chinless wonder won’t have any of that, so for no particular reason at all:

boing

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Semi Bullish?

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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.

The answer to the title question is no. We’ve put forth reason to believe that the earliest of birds, the Semi Equipment sector, may have issues in 2018. What’s more, this warning to ignore a MarketWatch article and the newly bullish fund manager it highlighted came exactly 2 days before the SOX index made its top. (more…)

Let Me Satisfy Your Data Needs

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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!