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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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Spring Cafe

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. May 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Fri. May 14 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. May 19 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. June 2 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 4 @ 8:30 am ET ~ Employment Data
* Wed. June 16 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

*** Click here for link to Economic Calendars for all upcoming events.

Monday, May 10, 2021

Quote Of The Day

Presented without comment...


What precipitated Mr. Chang's tweet...


"This is beginning to look like the 1970s gas shortage. 
If the panic just started hours ago - just wait until tomorrow. 
People will freak."






Sunday, May 09, 2021

U.S. Employment Reality Bites The Biden Administration

 But, no one's listening in the White House...













President Biden and Treasury Secretary Janet Yellen are ignoring the negative and suppressive effect that Biden's policies, executive orders, and executive actions are already having on the U.S. economy and jobs.

Instead, the President is rushing recklessly toward enacting his party's $93 Trillion extreme far-left Green New Deal (Representative AOC's and Senator Markey's socialist "malarkey") and is already paying people not to work...one of many items on their "wish list."

As I've detailed in my February 9, 2019 article, this will not end well for Americans, or the markets...and, possibly sooner, rather than later.

Strangely, over half of you voted for this man...without even having an inkling of what policies he supported at the time. No wonder he kept his socialist agenda under wraps in his basement until after he took office on January 20! Would you have voted for him, if you'd known what he'd unleash, beginning on Day One?

Continue reading my article at this link


By the way, if Mr. Biden wants to pay people not to work, why would anyone bother to go to school (K through 12) and university, and why should the government (YOU, the taxpayer) cough up money for those redundant institutions, unions, teachers/professors, and programs, as well as their hard assets such as buildings and real estate, etc.?

Socialism fosters laziness and ignorance and squashes the development of creativity. Why would any advanced nation want to foist that kind of misery on its citizens and degrade its economy and national security in the process?


The rest of the world is watching...


...what will YOU do, in the meantime, while the White House fiddles?


Thursday, May 06, 2021

Reality Bites The Fed

Ya think? 😞

Kind of obvious, isn't it...even at a glance...and something I've warned about recently in this post regarding U.S. Banks, as well as in other articles on my Blog.


Monday, May 03, 2021

What Do Tesla, The Keystone XL Pipeline, And $100.00 Oil Have In Common?

Tesla, Inc. (TSLA), gained a whopping 353.68% in the past 12 months. Its percentage gain is slightly under the combined gains of the 8 U.S. Major Indices, as shown on the following graph. 

It could be a stand-alone index at this rate!

The following 5-year daily chart of TSLA shows that price is hovering just above its 50-day MA, following a volatile, feeble, whip-saw rally since its low on March 5.

Price is at a critical juncture, in that the RSI has tentatively risen just above 50.00, while the MACD and PMO have just formed bearish crossovers.

A failure of TSLA to hold above both the 50-day MA and the 50.00 RSI level, could see a hefty pullback occur in short order to the 200-day moving average at 567.46, or lower.

However, if it can hold above the 50-day MA and the 50.00 RSI, and if we see bullish crossovers form and hold on the MACD and PMO, it could, concievably, retest its all-time high of 900.40, or spike higher.


With Tesla's Q1 2021 earnings report out now, we'll see whether buyers step back in...or not...in view of lowered analyst sentiment and a decreased yearly EPS forecast for fiscal year end December 2021, following two back-to-back quarter misses (-61.9% for Q4 2020 and -11.36% for Q1 2021).

Furthermore, the following news may put a damper on bullish enthisiasm. And, if that becomes a pattern among car buyers, we could see WTI Crude Oil reach $80.00, or even $100.00, in no time (monthly chart below), unless OPEC increases production to avoid runaway inflation and voter backlash against world leaders, especially U.S. President Biden

Perhaps Joe's cancellation of the Keystone XL pipeline project through the U.S. on Day One of his administration (together with his frenetic fracking bans to please out-of-touch-with-reality jet-setting world climate zealots, particularly those who may be or were invested in oil stocks) was catastrophically short-sighted and ill-advised...and every day's delay in its construction will see costs skyrocket, especially if Oil spikes.

We'll see what happens...and whose hotline rings first. Prime Minister Trudeau, are you paying attention?

Source: ZeroHedge.com


Saturday, May 01, 2021

Changes Coming To My Blog E-mail Subscriptions

N.B. To my Blog readers who receive my new posts via e-mail, please be advised that Google's E-mail FeedBurner Subscription service will cease to be provided and you will no longer receive them via email, beginning in July.

Instead, feel free to bookmark my Blog address and check in daily to read any new articles that I may have posted, as well as any updates I may have added to previous ones.

My appologies for any inconvenience in this regard. Your loyalty over the years is appreciated. 😊

N.B. To the editors of those websites who publish my articles on their sites, you will continue to automatically receive them via FeedBurner Subscription, as usual.

Many thanks to all who've supported my Blog over the years, in one way or another. 😊

Candy Matheson

Strawberry Blonde's Market Summary


President Biden's First 100 Days

Presented without comment...

Link to tweet


Thursday, April 29, 2021

Twitter Jitters

* See UPDATE below...

The historical "mean" value for Twitter (TWTR), sits at 40.00, as shown on the following monthly chart. It's had difficulty holding above that level since its IPO in November of 2013.

In the space of 11 months (from March of 2020), it went from 20.00 to 80.75. During that time, it censored and permanently banned the sitting Republican President of the United States (Donald Trump) from its social media platform, as well as a huge number of Republicans and Conservatives...and alienated half of Americans in the process.

Twitter's leadership is showing no signs of hiding its political and racial bias against half of Americans anytime soon (many of whom are of differing races, ethnicities and religions). That was especially highlighted on Twitter's platform, following President Biden's address to Congress and Republican Senator Tim Scott's rebuttal last night, as described in this Daily Caller article. Several editorial articles assessing the President's speech can be found here and here.

So, what merits this parabolic spike in price in less than a year...apart from a purely speculative FOMO (fear of missing out) buying frenzy?

I wouldn't be surprised to see a retest of 40.00, or even major support at 30.00, sometime in the near future, as a consequence of Twitter's embrace of biased "cancel culture."

N.B. This is what happened to TWTR in after-hours trading today, following its release of Q1 earnings and growth outlook...

Source: ZeroHedge.com

TWTR reached an after-hours low of 57.55 and closed at 57.60 (an 11.51% drop)...Source: Nasdaq.com


* UPDATE April 30...

How TWTR ended the day and month...




Tuesday, April 27, 2021

What's Different About Emerging Markets This Time?

With the historical "mean" value of the Emerging Markets ETF (EEM) around 30.00, it's had a difficult time attracting barely any interest to sustain a serious rally above 44.00 during its trading tenure, as shown on the following monthly chart.

I'll wager that we'll see price fall back to 44.00, or lower to potentially 36.00, in short order...simply because, what's, fundamentally, different about these markets at the moment, or even in the next 6 or 12 months, that would sustain a push higher from the top of an already-parabolic spike that began a year ago...especially, as it's almost at major resistance (the high of 2007) before it got caught up in the 2008 financial crisis and market crash?


Monday, April 26, 2021

Dr. COPPER's Feverish History

In a nutshell...straight up...straight down.

Is this time any different?

Historical "mean" value is around 2.50, as shown on the following monthly chart, while it's had difficulty remaining above 3.00 and, especially, above 3.50 for any length of time.

What has actually, fundamentally, changed today since March of 2020 that suggests the current sky-high price is warranted and that it will remain so in the long term...versus pure speculation for some kind of uncertain future demand? 

While the writing of new political policies may be quick and a knee-jerk reaction to some people's fanciful wishlist and perception of reality, passing them into law and quickly implementing them without cannibalizing and destroying one's economy in the process is another reality.

Dr. Copper is likely caught up in such a feverish drama and headed for a nosedive sometime soon. The question is, will it drop below 3.50, or even 3.00?


Tuesday, April 20, 2021

SPX:VIX Ratio ALERT

If these new MACD and PMO crossovers hold, and if the RSI holds below 50 on this daily SPX:VIX ratio chart, we could see a decent pullback occur in the SPX.

Such a scenario may, also, negatively impact U.S. Bank stocks and ETFs, and, possibly, Bitcoin, as described here.