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It is Thursday evening, and the sounds in my ears are those I haven’t heard in a long while: countless cicadas, chirping on full blast. It’s a nice bit of incidental music while I compose some content for you good people.
Being Thursday, that means we can catch up on the liquidity data. The Antichrist Yellen handed out more free cash to her banking buddies, although the pace has slowed to virtually nothing.
The horizontal support line on KBE which constituted the top of its bullish pattern has failed.
Good.
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This morning, I sent out a private email to Slope’s paying members whose main points were that (1) I had anticipated the burst higher and welcomed it; and (2) the NASDAQ would hopefully poop out below the dashed line I had drawn.
