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By an obscure codicil of federal statute, I cannot end the day with a post griping about my XLU trade. Thus, even though God knows I’ve created plenty of new content for you people, I’ll bang out one last one. Naturally, it’s about Thursday’s data release (which, let’s face it, may be the last one for a while if the government shutters!)
Janet Yellen’s checkbook is nice and fat…….
I am inclined to apologize for my persistent navel-gazing about my XLU trade, but it merits examination, and there are lessons to be learned.
I was curious when I discovered – – and I use the word “discovered” very deliberately, since I’m exceptionally good at spotting patterns with my eyes/brain combo that computers simply cannot do – – the diamond pattern in the Utilities. It seems to me it took place way back on May 16, 2023.
I’d have a better chance in my home state………
Unlike mid-March, when Yellen aborted what would have been a fantastic completion of the advance/decline topping pattern, this time is actually happened. And it’s beautiful!
People are growing weary of watching simpletons fumbling through life.
