Today we have another look at the 23-month moving averages.
The first one for context is of the S&P 500 (SPY).
SPY cleared the 23-month in 2023.
SPY tested the 23-month moving average after the breakout in October 2023.
SPY …
Yesterday I wrote about Alibaba and the 23-month moving average ahead of its earnings report.
Now that it did report, to repeat,
“The monthly chart is one of my favorites to look at, especially when one draws in the 23- …
I have not been shy about telling our readers and social media/media followers that we liked and bought Alibaba (BABA) in February 2024.
And we sat with it.
And sat with it.
Today, it’s paying us some cushy profits.
Will …
This past week I got to spend some time with Charles Payne on Making Money with Charles Payne. (link below).
I mention this because I send Charles (and producers) notes ahead of time.
Charles has an uncanny way of targeting …
Yesterday we covered the Retail Sector XRT and how important the consumer is to the health of the US Economy.
Furthermore, we have been commenting on the transportation sector through IYT and how that plays a crucial role in the …
The choices we make as consumers collectively shape the economic landscape, and our spending patterns influence the well-being of our communities and the nation.
And Granny Retail XRT always has a lot to say about the consumer and the markets.…
I have used monthly charts to determine support and resistance levels.
Moreover, this timeframe is often the best indicator for either the end of a countermove or the start of a bigger megatrend.
The 23-month moving average (blue) and the …
This is the 5th weekend in a row I have covered Economic Economic Modern Family as my weekend update.
From 5 weeks ago when Granny Retail and Granddad Russell sold off hard after failing to take out the weekly channel …
A big story last week was that AI is fueled by natural gas, which should increase demand.
That story did little for the futures price.
Then this week other stories came out that:
Now that the FOMC is behind us,
And the result was exactly what we expected-stay the course,
And most sectors of the market found the obvious as a relief,
And the metals rallied, right after I wrote that they would …
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