FEEDHome prices are still strong, but the strength behind those prices (AKA the volume) is on the wane. [Read More...]
Will Splunk Go Thunk?
FEEDOne of the few interesting earnings reports this afternoon is going to be Splunk (SPLK), against which I have some September 16th $120 puts. I’d like to point out that if you do a comparison chart between SPLK and CRWD (an obliquely-similar company) you can see how wretched SPLK has been, even when compared toRead More 0 Comments [Read More...]
Back to Work!
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Newest Member of 90%+ Loss Club
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Continental Drift
FEEDThis is a marvelously interesting view of where the wealth is in the world over the centuries: [Read More...]
Wooden Homes
FEEDYou probably remember a couple of years ago the funny memes that came out regarding how expensive lumber was. Well, not so much anymore. The /LB futures are falling hard (as I suspect, ultimately, high-flying crazy stuff like wheat will, and crude oil, for that matter). I messed around with layered charts to see ifRead More 0 Comments [Read More...]
Meet Me in the Morning
FEEDThere is precious little that can be divined from the first half hour of futures trading on a Sunday, but frankly, folks, I’ve got no new posts left in me, so I wanted to just do a quick last one before signing off. To my mild disappointment, all the equity futures leaped about .666% higherRead More 0 Comments [Read More...]
What Comics Think of George
FEEDHere is a follow-up to my high praise for the Carlin documentary. I finished it (obviously) and the second part was even better than the first. I highly recommend it! [Read More...]
Bear Market Cycles
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Some Respect for Longevity
FEED“Have we capitulated yet?”“Stocks are oversold. Surely it’s time to buy!”“I’m seeing bargain-prices for high-quality stocks everywhere.” Uh-huh. Just keep the chart below in mind, which was kindly sent to me by a fellow reader. Here’s a different way to look at the same idea: [Read More...]
Jock Itch
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Deere in Headlights
FEEDWell, I saw this coming (you could see it from a million miles away), but it was too annoyingly strong for me to do anything about it. But Deere is getting blown to smithereens, in a series of harsh gaps lower. Here is a multi-decade chart You can see quite plainly how as recently asRead More 0 Comments [Read More...]
¡Holy Frijoles!
FEEDI’ve never liked Chipotle (CMG) food, and it’s heartening to see that about $800 has already been blown off of its absurd (former) $2,000/share price. I’d say it has precious little holding it up at these “cheap” levels: Here’s the entire history of this abomination: [Read More...]
Rate-Based Meltdown
FEEDTrillions (literally) of dollars of value have been destroyed by the tiny increase in interest rates we’ve seen so far. Take a gander at these major funds and try to spot the trend. This is historic. [Read More...]
Color My World
FEEDHey, Fibonacci fans! I’ve got good news. We have added the ability to change individual COLORS on whatever retracement levels you like. I know this sounds trivial, but when you get serious about these things (as I have done recently), it’s truly useful. Here, for example, I am using red to indicate resistance and greenRead More 0 Comments [Read More...]
Some Screen Gems
FEEDOK, it’s not a particularly clever post, but below are a dozen of my live short positions that I’m particularly pleased with. In fact, it’s a terribly lazy post. But that’s all I’ve got for you at the moment! I am almost 100% committed again, by the way. Very little cash left. Here are elevenRead More 0 Comments [Read More...]
Very Scary Mouse
FEEDIf I was a bull (I’m not) and if I wanted to scare the bejesus out of the bears (I don’t), I would show them this chart: It is, of course, my concoction known as the MICE (Most Important Chart Ever), and as you can plainly see, it has come into contact with the lowerRead More 0 Comments [Read More...]
Spitting Distance
FEEDThis bear market rallies are a misery, aren’t they? I’m staying on the sidelines still. I will note, however, we’re getting at least within the same ZIP code as some major resistance areas: [Read More...]
Participation Pattern
FEEDHuman nature on a mass scale is fascinating to me. Check out this “just for fun” chart of the Labor Participation Rate in the U.S. over a period of many decades. It is presently at 62.2% (what the other 38% of the country is doing with its time is beyond me; I guess watching theRead More 0 Comments [Read More...]
Three’s a Crowd
FEEDI humbly suggest you consider shorting, or buying puts, on Crowdstrike (CRWD): Even though they are making money hand over fist. [Read More...]