Now & Then Analog
FEEDHere’s a fun item I stumbled upon while thumbing through charts this weekend. Take a look at the daily SPY chart below, which is from late in 2021 into early 2022. Below it may look like I’ve...
View ArticleFrom Soup to Poop
FEEDBelow is a chart of Alphabet (symbol GOOGL) which has a rather interesting analog with what it was doing two years ago. Both now, and then, the stock had broken a trendline (drawn in each case in...
View ArticleTesla’s Ennui
FEEDTesla has morphed from the world’s most exciting stock to something that more closely resembles a passbook savings account. Indeed, from June 8 2023 through January 8 2024, a period of seven...
View ArticleLifetime Highs!
FEEDAs you know, the stock market closed at lifetime highs on Friday. The Dow 30 Industrials? Never higher. The NASDAQ 100? Same. And the S&P 500 as well. The thing is, lifetime highs tend to beget...
View ArticleAn Intriguing Divergence
FEEDI stumbled upon a creation called the Euphoriameter which uses a combination of sentiment, PE ratios, and the VIX to offer an overall composite about how giddy folks are about buying stocks. It’s...
View ArticleColliding Waves (by Silver Singularity)
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View ArticleParallel Perilous Pathways
FEEDI like looking at charts. I think that’s clear, because if I didn’t, I would have quit this job decades ago. Thus, when I was thumbing through them the other day, I was struck by a strange...
View ArticlePure Imagination
FEEDI suspect most of you have heard about the incident in Glasgow, Scotland, in which parents and children alike were beckoned to buy tickets to have a “chocolate experience” created by none other...
View ArticleGo Fourth: Crucial Knowledge
FEEDAs I mentioned in a post yesterday, I was delighted to see The Fourth Turning is Here book, which I purchased and read over the course of just a couple of days (which is no mean feat, since this...
View ArticleDeath to Nvidia
FEEDHere’s an analog between Nvidia from AI Bubble days and Cisco from back in Internet Bubble days. The market was actually relatively honest back in 2000, so I don’t expect NVDA will be permitted to...
View ArticleSinewave Surrender
FEEDEarly today, I threw in the towel on my IWM puts for one simple reason: I was concerned that, like the retail fund (XRT), it was going to break out of its long-standing sinewave pattern and fly...
View ArticleOil’s Echo
FEEDThe run-up in the oil sector index ($XOI) has been amazing. This is what it looks like since October. I was just by just how similar this action was to what we saw during the first chunk of the...
View ArticleSilver’s Misleading Breakout?
FEEDI know there’s a lot of excitement about silver breaking out (see SLV below)…… But, analogy-tweaked fella that I am, I wanted to point out the long-term continuous contract of silver and quietly...
View ArticleMoonstruck (2 of 9)
FEEDPreface to all nine parts: today is Eclipse Day, so I am giving myself an exceptionally rare day off. I have no idea if I'll see anything, because there's so much cloud cover. In spite of that, I...
View ArticleTesla Price Sequel
FEEDI put together an analog for Tesla (TSLA, if you honestly have to ask) which I think you might like. The stock is worth about one-third its peak value. I’ve tinted the chunks of the analog for the...
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