As per the last several Daily’s, I’ve noted the parameters of several monthly channel lines of resistance that had to clear or fail to elucidate next direction.
The TLT (20+ Year Long Treasury Bonds) had to hold 118.55-119. The Russell …
We drove up to this dead-end and these road signs. I thought of the Scarecrow in the Wizard of Oz. While nailed to a post, he instructed Dorothy that some people like to go both ways.
The haphazardly strung “Thank …
Trying to keep flies from eating your roses can be a bit frustrating. However, unless an infestation occurs, the situation is more annoying than seriously concerning.
The day back after the holiday weekend, and many of the channel tops we …
And now, you can eat off its floor!
Each bar on this TLT chart (20+ Year Long Treasury Bonds) represents the price movement of one whole month.
The parallel black lines denote the top and bottom of a channel.
If …
Photo by JR LancasterAfter a soaking rain, the desert landscape resembles a super saturated sponge. Eventually, the desert sunshine absorbs the moisture and the landscape returns to aridness. This extreme fluctuation from saturation to bone dry defines a desert climate. …
I spent a great deal of time trying to “read” this man. I invented stories about who he is, what he was thinking and why. It took me about ten minutes to see the obvious. The saxophone on his lap …
My 2004 Range Rover sputtered last Friday morning.
By sputtered, I mean the fuel pump gave out. Good thing I have AAA. They came immediately to the rescue and towed the car to the service shop.
Once a car gets …
When traders get to the point they consider embroidering a bejeweled bull on their vintage necktie, does that mean the top is near?
Look at this bull. He has eyes of fire, a forehead of diamonds, a crown of rubies …
Title adapted from Wooden Ships Crosby Stills & Nash
In case you have not heard about this, the shipping stock DryShips, Inc. (DRYS) has risen by 2,840% in the last several days.
DryShips is part of the Baltic Dry Index …
Last night I explored the topic of fissures. Now, I muse on this lizard as he decides whether or not it best to stay in the light or dive for the nearest fissure.
A logical conclusion post-election in the market …
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Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
