As I like to do on occasion for the weekend wrap-up, here are the weekly charts of the economic Economic Modern Family to review.
From top left to right:
The Russell 2000 IWM (Granddad). Transportation IYT (Tran). Retail XRT (Granny …
One of my tweets today:
$FXI red $EEM red-I haven’t changed the plan-watching 4 mkt to roll over b4 going more short (SMH lightly short)-managing existing longs (includes $NBEV) w/ tighter stops-no new swing longs & starting 2 establish pos. …
Today, I read comments on twitter from, how aggravating this low volume rally is, to when is the selloff coming, to how do I keep track of all my trades?
These birds represent traders right now.
One thing I do …
Sugar is a commodity I have written about from time to time.
I like to watch this commodity for several reasons.
First, it is often a lead indicator on inflation.
Second, it is the first instrument I ever traded a …
Recently, we spent a long time observing Orangutans at the zoo.
Interestingly, humans and Orangutans share nearly 97% of the same DNA. That makes them one of our closest relatives.
Unlike humans, Orangutans’ arms stretch out longer than their bodies.…
To simplify the analysis, I decided to focus on the Regional Banks ETF KRE, or what I call the Prodigal Son of the Economic Modern Family.
I named him as such because a prodigal is one who spends money in …
You all know the story of the Tortoise and the Hare.
Although the Hare is way faster, it’s the plodding and consistent Tortoise that wins the race.
The Galapagos Tortoise lives an uncomplicated life.
They graze, bask, nap and can …
Even with the huge rally off the lows, none of the indices have yet to trade back over their 50-daily moving averages.
That means the market phases are Bearish.
Furthermore, only one of the Economic Modern Family members is in …
A common misconception is that bears hibernate during the winter months.
Many bears go into a deep sleep (torpor) yet can wake up if they hear a loud noise or are moved or touched.
Since December 26th, the day the …
“In this region of me
A great dragon is lying
On the wealth of a mighty world
My own world inside” Gojira
The four indices reached their targets after last week’s monster rally.
Singling out the Russell 2000 IWM, we …
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