The Economic Economic Modern Family has been struggling to see common ground since last October.
While they all sank into December, not all of them rallied off that low into 2019.
Today, they got in the last, “I told you …
Since we want consistency in a market and world that lacks it, we go to our reliable economic Economic Modern Family’s weekly charts once again.
Shortened commentary today, let’s get right to the levels on the chart
S&P 500 (SPY) …
We all knew that coming into Friday with two inside trading days in several instruments meant the range break could be significant.
Looking at the Russell 2000 IWM for example, the 2 inside days resolved to the downside.
However, the …
The market tested resistance and failed.
The market tested support and held.
That’s called a trading range.
We continue to see disparity among the key components.
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According to Wikipedia, a burlesque is a literary, dramatic or musical work intended to cause laughter by caricaturing the manner or spirit of serious works.
The dictionary says that burlesque seeks to ridicule by means of grotesque exaggeration.
In the …
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In December 2018, I went on Real Vision and gave them this pick for 2019.
Little did I know …
Over the weekend, we looked at the weekly charts of the Economic Economic Modern Family.
We asked, “How is the market like a rainbow?”
We answered with, “This recent rally is built upon optical illusions.”
We are now in the …
What do we know about rainbows?
Rainbows are optical illusions.
They appear in the sky opposite the sun.
Rainbows can be full circles, although we normally see them as arcs.
Although many rainbows can exist, only one can be seen …
As I wrote yesterday, we need to look no further than the Economic Modern Family.
We are staking the next bigger move on what happens on Granny Retail XRT, or the brick and mortar sector of the economy.
Yesterday we …
Today, the Federal Reserve cut interest rates by ¼%.
The division among the Fed runs from lower more to keep the status quo, to raise the rates.
However, is any of that meaningful in the long run?
The Russell 2000 …