In today’s presser with Powell basically said what he typically says:
Higher for longer but maybe not as risks remain to economy while inflation is too sticky.
Here are some of our thoughts on the overall macro and technical picture.…
My thought on the Retail ETF XRT as we ended last week-
“For Granny Retail XRT we first want to see her hold the 200-WMA at around 71.00. But until she makes her way back over 74.50 area, we are …
Last weekend the title of the Daily was: Economic Modern Family-Warning Signs End of Week.
At the time the theory was:
“Looking at the 6 weekly charts, I updated the horizontal, parallel lines to show that at these higher levels, …
In the face of higher yields, higher dollar, gold has been rallying since early March-and really since October 2023 after the trough.
Although there have been periods of consolidation, the move over 2100 sealed the deal.
Huge central bank buying, …
Since December 2022, we have been bullish gold in anticipation of its most recent run.
From the start of 2023, I went on the media telling viewers to buy gold and hold it. I believed that gold would double (it …
I will keep showing these weekly charts up until and after these massive trading ranges reconcile up or down.
Will they all reconcile at one time?
Maybe but unlikely.
Will some remain rangebound?
For a time yes, but then …
Last Thursday night the Daily covered the weekly charts on the Economic Modern Family and why watching the one index and 5 sectors are best for spotting ahead of time, what comes next.
For the weekend, we are extending this …
Watching certain instruments for clues on next moves, probably the best (equities) to watch is the Economic Modern Family.
The Family covers everything from tech to regional banks to small caps to retail and more.
Is our economy improving?
What …
This morning, I made my debut on CNBC’s show Worldwide Exchange with Frank Holland.
Here are the notes I prepared.
At the start of 2024, the entire EV space already had some issues:
As we start a new month, quarter, and week, I want to remind you how I concluded the weekend Daily:
“Narratives are not very meaningful if price says something different. We have seen narratives change on a dime as price …
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