As relief over the China trade risk smashes bonds…….
Fold then Fade
Interesting what’s happening this morning. After yet another COMPLETE FOLD by your POTUS, the initial excitement seems to be flipping somewhat, as with the ES……….
Can. Kick. Road.
Well, there’s a shocker. Carefully waiting until the market was open, the President suddenly announced that a “big deal” with China was coming. The effect on the ES was immediate.
Natural Barrier
Considering how quiet it is on the market landscape, you would think there were absolutely no unknowns or uncertainties. Yet there’s a lot going on. There’s the impeachment vote today (a foregone conclusion, I confess, as is the Senate trial), retail sales reports on Friday, and the big Chinese tariffs question, resolved by Sunday. The ES was poised for a breakout last night, but it was repelled.
Liquid Assets
In that way, you will be acting as true children of your Father in heaven. For he gives his sunlight to both the evil and the good, and he sends rain on the just and the unjust alike.
Matthew 5:45
Our brains are all wired in different ways. In my experience, having used my brain for most of my life, I know that my strengths tend to be thinking of things in metaphors, analogs, and patterns. I have historically been weak in math (or at least never interested in it), and even though I’ve watched my kids fence for many years, I still have absolutely no idea what the hell is happening on the strip. None.
(more…)RRG ETFs
I was experimenting with Slope’s new Relative Rotation Graphs and loaded my ETF watchlist. I find it an interesting group:
Miners Trendline
It’s very interesting to see what’s going on with gold miners these days. The triple bearish on miners fund, symbol DUST, broken its bullish triangle a little more than a week ago, and it’s been obediently below its now-broken trendline. I view this as bullish for miners in the weeks ahead.
