Midweek Party Zone
Looking Closely at Key ETFs
I look at fifty-seven ETF charts every weekday, but here are the eight I think are most worth noting right now.
First up is the one for the Dow Industrials, which was effectively unchanged on Friday (in sharp contrast to everything else, which raged to lifetime highs). Key resistance right now is at Thursday’s high.
The Dow 30 Analogy
Kindly note the remarkable similarity in the Dow between early 2000 and right now. It’s really something else:
A Paragraph of Optimism
Our friends in Gainesville have an interesting summary tonight as to the mania that has gripped the public, late 1999 style. Kindly read (and click for a larger, more readable version):
The Verticals
It’s become tiresome to type these words, but it was yet another lifetime high today across the board. I am pleased and very proud to report that my 100% short portfolio defied this nonsense and still made gains on the day. This is especially heartening since there are a number of stocks which are {check notes) absolutely batshit insane.
Kindly observe:
