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Well, there’s no denying it. The beautiful rounded tops that were taking place in energy commodities are long-since busted. The last, best hope for these was actually just before the election, but since then, we’ve seen almost nothing but unabashed ascents in crude oil…………
People are just head-over-heels about Cathie Wood, who leads the investment company ARK. Here’s their chart:
Apple remains a terribly important stock to watch, since it is such a bellwether for the NASDAQ as a whole. It has, for some weeks now, been carving out a series of lower highs, and even with this morning’s strong NASDAQ performance, AAPL could only muster a shooting star beneath its most recent “lower high”;
It’s absolutely amazing how “obedient” the SPY is being with respect to its resistance trendline.
