The Hindenburg Omen, prompted by Jim Miekka in 2010 after the market crashed, pops up for us today.
Basically the prediction is that when the daily number of new 52-week highs and 52-week lows are both greater than a percentage …
Today, several headlines hit the market.
All gave the market happy feet.
Quietly, House Republicans extended the tax cuts for individuals to expire within a decade.
They made the tax cuts for corporations permanent.
The cuts preceded today’s trade deal …
After a week fraught with news and emotions, the market managed to fly above the fray.
Although SPY closed red, it is holding support and still has an underlying upward sloping 50 day moving average.
However, it closed under its …
I have no idea what this machinery does, but I assume that the man does.
With so many circles and twisty knobs on each, do the levels of how much garbage it eats or breaks down, adjust accordingly?
And that …
The real quote is, “nowadays people know the price of everything and the value of nothing.”
Oscar Wilde, immortalized in bronze, waits for the rain to stop.
Value has little to do with price. And vice versa.
In the case …
Over the weekend and after a rough trip to the east coast due to major delays, we got out of the Uber car to be greeted by this buzzing hornet’s nest affixed to my sister’s house.
The exterminator came on …
Friday was quadruple witching day.
That means that many index futures and options, plus stock futures and options expired.
With expectations of increased volatility after new all-time highs in the SPY and DIA, the day was comparatively placid.
Yet another …
Pigs represent prosperity, wealth and abundance.
Pigs are powerful symbols of bringing all these good things.
Pigs also tend to overindulge.
Furthermore, they are not always aware of the dangers that surround them.
Unaware of any dangers around it, the …
Today's Daily is a simply a quick look at the Economic Modern Family Key Levels
S&P 500 (SPY) 289.50 pivotal area support. 291.74 the current all-time high, which today’s high came within inches of.
Russell 2000 (IWM) Broke 170 on …
The fairy godmother tells Little Nemo to “proceed boldly over the carpeted path in the sky and to fear nothing as she would be near him continuously.”
I almost feel like ending the Daily right here.
After all, much can …
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