Monday, May 10, 2021
Sunday, May 09, 2021
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?
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?
Thursday, May 06, 2021
Ya think? 😞
Monday, May 03, 2021
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.
Saturday, May 01, 2021
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Strawberry Blonde's Market Summary
Friday, April 30, 2021
Thursday, April 29, 2021
* 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...
Tuesday, April 27, 2021
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
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
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.