Search Results for: twitter

Bon Ami

By -

On Monday evening, after a grueling 6 a.m. to 6 p.m. in front of a computer, barely moving from the spot since I was contemporaneously dealing with my normal life (writing posts and trading) and my very abnormal life (screaming blue murder at my hosting platform for all the technical troubles we were having), I treated myself to cleaning a large pot in the kitchen sink that my wife had used earlier in the day to cook our dogs a big helping of chopped-up steak.

See, I like cleaning. We’re talking Felix-Unger-levels of enjoyment. So, I set about the task, scrubbing, rinsing, scrubbing, rinsing, and then with just a little water still in the pot, I swirled in enough white scouring powder to really do the job right.

(more…)

Equities In the Big Inflection Point

By -

In my post last week I was looking at the big inflection point here on equity indices, and they are still in that inflection point, though there have been some developments since which I’ll go through today.

I use the $SPXADP daily chart as one rough and ready guide to where there might be a retracement or consolidation coming on SPX, and that hit the key upside level at 30 on Friday. There are 11 previous hits of 30 on the chart below (red dotted vertical trendlines), and all of them signaled either a retracement starting within a couple of days (seven instances) and/or a sideways consolidation lasting at least two or three weeks, so it is likely that we will be looking at that again here.

(more…)