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This is a fascinating examination of how even the underworld has to pay higher prices for everything now. My favorite part of this is that the cheapest thing available on the dark web is a subscription to CNBC Pro at three bucks, which is probably still overpriced.
Let’s look at some of the biggest ETFs after this horrific week. We begin with the Dow 30 “diamonds” fund, which has been in a descending channel for over a year. One warning is that the rally over the past four weeks has been so powerful that, on Friday, we got a little above the resistance trendline. More importantly, however, we remain below the most recent “lower high”, so as long as that is intact, we’ve still got a downtrend.
I have made many mistakes in my trading life and I’m sure I’ll make many more. My most recent mistake is one that I thought I had rectified in the past. This particular mistake is, however, creeping back in. This particular error could be categorized under “throwing good money after bad”.
What I mean is, I have been bearish all year long. Overall, this was the right attitude. However, there was a noticeable change on October 13 kicking off this rally. After that, my executions were awful and my choice of targets was poor.
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