During all of yesterday’s zaniness, i forgot to mention that I did my 42,000th post. Actually, since Slope lived for a few years elsewhere before winding up on this platform, there were thousands more than that, but still, let’s share a cupcake or something to celebrate.
As for the market, I’m ready for a cupcake since the /RTY rally faded. I woke up briefly last night and glanced at the market at the time where the arrow is placed, which kind of bummed me out for obvious reasons. As I’m typing this, the /RTY has actually slipped into the red. What it needs to do is cut below that green line, so – fingers crossed.
The /NQ, having slipped before its former lifetime high yesterday (red line) rallied all night long and yet respected that same line in its new role of resistance (red arrow).
Bonds, which I shorted yesterday by way of TLT, have been slipping since yesterday. The real “tell” will be tomorrow morning when the jobs report is released.
As for Palladium, when it was plunging on Monday I said that, grim as it looked, the metal was heading for a perfectly sensible level of support. It tested that support successfully on Monday as well as Tuesday, and as of this composition /PA has dusted itself off and is up about $40. So far, so good.
As I mentioned last night, I’m doing a victory lap about my post from two weeks ago about healthcare “provider” Centene.
I didn’t know about this company until I explored the so-called healthcare provider sector following the UNH event, and although Centene’s vastly overpaid CEO is easier on the eyes than her competition, I still felt the chart was hideous. Here what it’s doing right now – – a total wipeout:
Enjoy your last full day of trading this week
