Detailed User Note and Follow up first: User Theme is now adjustable. That little “crescent moon and stars thing” in the lower right of the screen. If that icon is black background, you are in Normal (light) theme. If the icon is white background, then you are in dark mode. People like me who have … Read More
Alright. Keep your shirt on and shit together. Here’s the CPI everyone’s been waiting for: 7.1 percent and 6.0 all-items. “The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the … Read More
Another Monday in the Great Game of Life kicks off with a reasonababble writer on the sidelines holding up a stack of Monday cue cards. Tuesday Data Watch We see the Biden administration lobbying of the Federal Reserve ahead of their rate increase decision Wednesday. As Treasury Sec. and former Fed chief Janet Yellen is … Read More
The Chinese diesel heater is still working dandy out in the greenhouse lean-to we put up a year ago. Just this morning, there was light rain coming down about 4 AM and Zeus the Cat (dealing with old age issues) didn’t want to come in the house/. One button press, and within a half hour, … Read More
Remember the Talking Heads song “Lifetime Piling Up“? Well, what’s going on now is a kind of rhyming riff off that. When long-denied social media fairytales turn out to be true. We expect a growing sense of confusion and uncertainty into year-end. Because stock prices no longer relate to growth, crypto gambles are turning into … Read More
Before we begin, an unashamed plug for Amazon (“get ’em while you can”) as Cyber Monday Power Tool deals are here. Best seen with your spouse present (and you in handcuffs). If you’re not already maxed out from Black Friday, life is short and power tools are safer fun than chasing something extra (ahem) on … Read More
Let’s begin with news and markets – to work up a good appetite, right? As we told you in advance, expect a rally Wednesday and what shows up? Yes, that’s right – the reason the Bearish Mister sits on his keester. The BIG wave count is in yellow. Next level is white. Then Green. got … Read More
Durable Goods and a PMI report tomorrow? Spiced with the latest crypto religion revival talk? Like Hecklefish says, “Oh boy…” Our consigliere was just south of Little Rock (*Arkysaw) leaving us just time to make the last-minute food and booze run. Turkey will be tomorrow night and prime rib Thursday. If you’re in the neighborhood…keep driving. For … Read More
Early market futures were up over a hundred on the Dow and the look of the S&P was (*early) positive, as well. Looks like carryover hype. The real story will be along after Europe closes and most of the remaining options start falling out, for it is that day of the month. We are not especially … Read More
If you read the Monday column here, you should be impressed. When posted (ungodly early) I made a ridiculous forecast for the closing S&P Monday: “Although, if we could jump in a time machine and pop right to the close today, a 37-point decline in the S&P 500 would be a marvelous dart toss.” … Read More
Peering ahead at the day, we see that Gold is down about $16 bucks going into the U.S. open (no, not of golf!). This will place gold at $1,754.70 according to the Kitco charts. Let us do the math for you on how Ure’s Crazy Values Theory says things might work out today: The starting price … Read More
Can charts tell us what to expect this coming week? In several areas – cryptos, bonds, inflation, and war – we have concerns about what charts are telling us about the future. An odd mix of regression channels, understanding how to apply the logistic function and implications of Elliott wave developments matter now. This morning, … Read More
I lost money in a short position Thursday. My loss? $14. How disaster was avoided was the diligent use of stops. Usually of the “on quote” variety. The core idea being every trade starts off being about a 50-50 proposition. (See Burton Malkiel et. al A Random Walk Down Wall Street). Based on work by … Read More