Search Results for: palo alto
Timmy and the Wolf
The Dow 30 collapsed by 0.20% today, failing to make another lifetime high and compelling whiney permabulls to demand Congressional investigations and the Federal Reserve to double its budget for Adult Depends for their Chair-person-thing.
I actually had a decent day thanks to oil, but I gotta say, the chasm between energy stocks (which I am short) and oil (which I am not, but which is collapsing) is really pissing me off. They used to be joined at the hip.
Trendline Touch
I’m back in my beloved Palo Alto, and I feel much more comfortable again, surrounded by screens and canines. Yesterday was decent to me, and today is as well; I am carefully watching the blue trendline I’ve drawn on the Russell 2000. God knows it would be nice to get a meaningful reversal that lasts more than 27 seconds or so.
The Golden Escalator
Good morning, everyone. I’m pleased to see gold (precious metals being the only sector whose bullishness I applaud) is continuing to march higher at a steady pace.
A vote for gold is a vote against central banking insanity, so you can figure out which column I’m going to place my checkmark.
The big news today doesn’t happen until tonight, when Krazy Kuroda does he latest thing. The guy has been all thumbs lately, so I’m actually kind of looking forward to it. A tumble in the USD/JPY would help things out on my end, certainly.
Time to walk the canines and make sure Palo Alto remains in good working order.
Ten Trillion Yen
I happened to notice lots of poking fun at poor old Fibonacci studies this weekend, but I’ll say this: for months now, I’ve had a target of approximately 100 for the USD/JPY based on nothing more than a simple retracement study. It nailed that target (almost to the pip) last week, and it’s roaring 1.75% higher this morning, thanks to chatter about yet more stimulus from Japan (ten trillion yen this time……….like, umm, that’s going to help.)
