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It was a real pleasure to close Thursday with literally every single symbol on my futures watch list red. That hasn’t happened since the Bicentennial, and I wouldn’t mind if it was a daily event. As we approach the kick-off of the earnings season Friday morning, I wanted to say a few words about three big cash indexes.
The Dow Jones Composite has been steadily following a series of “higher lows” for weeks now. It must break that ascending trendline for anything interesting to happen!
After a horrid start on the first trading day of the year (a $30 billion loss, I think) I’ve come ROARING back, baby (for the newer people here, this isn’t real money, but Slope’s virtual trading platform).
The earnings season for Q4 2021 begins in earnest tomorrow morning, and as is customary, the banks lead it off. I guess the banks go first since it’s so simple to calculate profits when all they have to do is ask for free money from the government. Here are the “big four” that declare their criminal, ill-gotten gains before the opening bell: