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Lumber Versus Gold: Predicting A Crash
Softwood lumber under an ominous sky. Image via the National Association of Homebuilders.
(more…)BEARded Grace
There are few experiences in this life that will more fully expose your strengths and weaknesses like trading the markets… Mentally, emotionally, spiritually, even physically.
Before we move forward, let’s take a look back. Do you remember where you were in Oct/Nov 2014, and what was happening in the markets? The market was doing something that it had never done before. It was making a record number of daily advances. Day after day, after day…like the market had never before seen in recorded history. It was also the time when ATR-based trading was birthed out of the pain of my unseen bias. My trading moved from fundamental, to technical, and then to unbiased trading based on ATR. (more…)
Gold Breaks Up (by Springheel Jack)
The downtrend continued yesterday, and on the SPX daily chart the middle bollinger band was tested. If this is just a retracement, or the decline so far has been the first part of a topping pattern, then this is the obvious bounce level. On a break below here, rising channel support, the lower bollinger band and the 50 DMA are in the 1365-70 area and that would be the obvious next target:
A Near Disaster For Boeing’s 737 Max
It’s A Miracle No One Died This Time
On Friday, a hole opened up in the fuselage of a brand new Alaska Air Boeing 737 Max.
Video of the Alaska Airlines Boeing 737 Max making an emergency landing in Portland after part of the aircraft blew out.
The plane had just taken off and had reached 16,000 feet before returning to the airport.
The aircraft was new, having just been delivered in October. pic.twitter.com/FUNKlyDli9
— Yashar Ali 🐘 (@yashar) January 6, 2024
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