2 Comments

  1. Stock market:

    Breaking down, hard !
    .
    Yota..

    Time to be looking at a long trade.
    .
    .
    Yota’s,

    two special indicators..,

    the pull back indicator..,

    badly lags the rally indicator.
    .
    Dunno, shrug.
    .
    .
    .
    Gold ( GDX )

    GDX ( the miners ) hit the resistance of the 50 day ( weekly chart)..,

    now pulling back to the support..,

    of the 50 day ( daily chart ).
    .
    .
    .
    Business NEWS:

    Bit coin.
    .
    A tidbit , from business radio.
    .
    One bit coin..,

    is now selling for .. .. 38,000 dollars.
    .
    .
    Yota,

    was saying NO ( ! )..,

    to bit coins..,

    when bit coins were selling for 2k per coin.
    .
    .
    “He,” still is not buying.
    .
    .
    NEWS:

    The global economy is slowing.
    .
    Yota..

    The fed ( the banks ) “engineered” the global economic “boom..,

    with low interest rates..,

    and,

    printed money.
    .
    .
    Now,

    inflation is looming..,

    and,

    the fed has two choices..,

    keep “printing..,” ( To support the global economy.)

    and,

    accept the offsetting inflation.
    .
    .
    Or,

    slow the printing..,

    and,

    accept a slowing economy..,

    and,

    a crashing stock market.
    .
    .
    The Fed , speaks Wednesday.
    .
    .
    .
    NEWS:

    Joe Biden.

    Only 28 % of Americans want “Joe,” to run for re election.
    .
    Yota, to Mr. President.
    .
    Govern from the center, ..not the “far left” buddy.
    .
    .
    NEWS:

    The midget in North Korea..,( President kim )

    is shooting off rockets again.
    .
    .
    From the rumor mill.
    .
    President kim, has ballistic missiles which will reach Japan..,

    and,

    maybe USA. ( Atomic bombs attached. )
    .
    .
    More from the rumor mill.
    .
    Military forces..,

    are making ready.., ( preemptive strike )

    to knock out Kim’s ballistic missiles..,

    and,

    the A-bombs attached.
    .
    .
    Yota..

    The longer the world waits.., ( To ” take out” President Kim, and his war toys. )

    the more difficult the job will get.

  2. Yota..

    “He,” would suggest..,

    to look for support..,

    in,

    SMH,

    SPY,

    and,

    ALB.
    .
    This market should dead cat bounce .. .. soon.

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