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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.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* 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 $$$...

Destiny

Destiny

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Sept. 22 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Oct. 1 @ 8:30 am ET - Core PCE Price Index m/m Data

* Fri. Oct. 8 @ 8:30 am ET - Employment Data

* Wed. Oct. 13 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

* Wed. Oct. 13 @ 2:00 pm ET - FOMC Meeting Minutes

*  Thurs. Oct. 14 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Fri. Oct. 15 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

*  Fri. Oct. 15 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Oct. 15 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

*** CLICK HERE for link to Economic Calendars for all upcoming events.


Tuesday, June 22, 2021

Spectacular Political Flip-Flop Faux-Pas Moments...Brought To You By U.S. Senate Democrats

This video speaks for itself...


How does this instil public trust in President Joe Biden and the Democrat party?

* UPDATE June 26...

More flip-flopping brought to you by Biden, himself, in the form of a nasty bait-and-switch rug-pull against Republicans, who bargained in good faith on this bipartisan proposal on infrastructure...why would any self-respecting Republican vote in favour of this, or any other bill, when this is likely not the last incident we'll see of his unethical antics? 

This is a classic 'Lucy-and-football-yank' moment...how many times will Republicans fall for (and, even, support/enable) his untrustworthy political tricks?

President Biden is definitely not the Uniter-in-Chief he claimed he'd be on behalf of all Americans in his inauguration speech in January...quite the contrary. 

Americans are the losers under his erratic policy decisions, thus far.



Another example of unethical behaviour...an effort to strong-arm a social media company into suppressing (Conservative) speech before the election. While Facebook didn't suppress former President Trump's speech prior to the election, they, subsequently, banned him from their platform...however, they did suppress other Conservative accounts before and after...as did other social media platforms.

Is this legal? Also, is this an (ongoing) 'in-kind contribution' from Facebook, et al, to then-presidential candidate Joe Biden, firstly, and, subsequently, President Biden (from January 20 to present day)? And/or, are these social media companies acting as a media arm of the government (Democrats) and, therefore, possibly subject to free-speech suppression law suits?

Source: ZeroHedge

Monday, June 21, 2021

Biden's 'PPT' Activated?

Has President Biden's 'Plunge Protection Team' been summoned to the White House to activate measures to combat the threat of market weakness...which arose in equity markets modestly last week, as shown on the following weekly chart of the Dow 30?


In the grand scheme of things, this drop is a mere blip, as shown on the monthly chart below.

If true, it's too bad that Biden doesn't spend his time to micro-manage the southern border crisis that he created, instead...and allow the 'free' markets to carry on freely, without political interference.

Sunday, June 20, 2021

PRICE ALERT: SPX:VIX Ratio

Further to my post of June 11, the SPX:VIX ratio has drop to just above the 200 level...a major resistance/support level, as shown on the daily ratio chart below.

This follows a recent new swing high in price to just above 250. Ratio price has failed, repeatedly, to remain above 250 over the years.

All three technical indicators, RSI, MACD and PMO, formed divergences on this latest price swing high, hinting at ensuing price weakness. After making a new all-time high of 4257.16 on June 15, the SPX dropped sharply and closed at 4166.45 on Friday.

Furthermore, the RSI has dropped below 50, and the MACD and PMO have formed bearish crossovers, all signalling further weakness ahead.

A drop and hold below 200 could send the SPX down to around 4100, or lower to 4000...particularly if the ratio drops and holds below its next support level of 150 (the 200 MA sits at 173.43, so failure of price to hold that level will see major selling follow in the SPX).

Major historical support on the ratio sits at 100, which, up until the year 2000, represented major resistance during the 1990s. A drop and hold below that level would likely result in panic selling in the SPX, as we saw during the 2008/09 financial crisis [refer to the longer-timeframe monthly chart of the SPX (with SPX:VIX ratio displayed in histogram format) shown in my above-mentioned post for context].


Sunday, June 13, 2021

The Subversion of Women By Joe Biden's 'Woke' Whitehouse

I dedicate this post in memory of my dear Mom, who devoted her life to helping and advancing young women throughout her long and humble career.

The irony I laid out in my post of January 23 seems fitting, inasmuch as President Biden's White House has now replaced "mother" with "birthing person"...allegedly to be 'more inclusive' to people.

"Truly, the greatest trick the patriarchy has ever pulled was convincing liberals that stripping women of the things that make them unique to appease trans men is somehow the progressive and 'inclusive' thing to do." -- Washington Examiner

This goes hand-in-glove with Biden's support of biological boys and men being allowed to compete in girls and women's' sports...and to enter and use girls and women's bathrooms and locker rooms. 

This is very disrespectful, demeaning, misogynistic, sexist, subverting, cruel, and dangerous to girls and women, in my opinion. Are they trying to wipe out women's existence altogether, with all of their 'woke gender-neutral' terminology and policies

However, 

  • House Speaker Nancy Pelosi's Twitter profile still refers to her as a mother and grandmother, 
  • Joe Biden's profile refers to him as a husband, father and grandfather, 
  • Jill Biden's profile refers to her as a mother, grandmother and wife, and 
  • Kamala Harris' profile refers to her as a wife, momala and auntie. 

So, what gives? Why the hypocrisy? 

In the name of equality, will "father" be replaced by "sperm vessel?" 😒

This idiocy should be called out for what it is...the perversion/bastardization of the English language

Women and girls are not robots! How dare they pull these subversive stunts!

By the way, at what point does this nonsense become a national security threat?




Saturday, June 12, 2021

Inflation...Transitory Or Permanent? HINT: Bubblegum

* See UPDATES below...

I don't wish to be rude or flippant, but it seems that the big takeaway from the question/study of economic inflation theory -- Is it 'transitory' or permanent? -- is that:
  1. Economic theory is irrelevant.
  2. There are factors affecting inflation.
  3. But these factors are unpredictable.
  4. So, inflation projection could go up or down on a variety of modelling scenarios.
My 2 cents' worth...The days of buying "Dubble Bubble" bubblegum with FREE Comics & Fortunes for 1 cent during the 1920's are long gone...Check out Walmart's price now...


So, I'd say that inflation will keep rising over the coming months and years. The U.S. National Debt is not going to shrink or disappear; rather, it's accelerating, thanks to out-of-control spending by Washington and the White House. Check out the cost of bubblegum this time next year, and see.

Bubblegum...a good inflation gauge, no? 😏

By the way, at what level does inflation become a national security threat?

P.S.

Source: ZeroHedge

* UPDATE June 16...

The Fed seems to be waking up to the notion that inflation may not, in fact, be 'transitory' as they've been vigorously proclaiming for the past several months...although, "two rate hikes by the end of 2023" may be too little, too late.

Source: ZeroHedge

* UPDATE June 25...

To bolster the idea that inflation may not be 'transitory,' there's this...

Source: ZeroHedge

* UPDATE July 13...

Yes, inflation is still here...and supersized...as per CPI data released today...

Source: ZeroHedge

Source: ZeroHedge






* UPDATE July 14...

More inflation-confirming numbers (PPI & Core PPI) released today...

Source: ZeroHedge



* UPDATE July 21...


N.B. Read more on inflation here and more on national security here.

SB's "Weekend Bits & Bites" 😏

Stay cool...😎




Isn't it about time that Joe switched from 'club-flavoured' ice cream...

Source: ZeroHedge

...to this?


If not in President Macron's 'G7 old-cronies club,' at least former President Trump was loyal to and achieved many victories for the American people during his four years in office. (Perhaps Macron was still smarting from the slap on the face he received the other day by a fellow countryman.😒)

The Trump administration accomplishments can be found, in their entirety, at this archived link...an impressive feat during only a four-year presidency.











* UPDATE June 16...

The Geneva, Switzerland U.S./Russia 'sunglasses' summit took place today between President Biden and President Putin...where it was merely a 'talk about more talks.'

So, what gifts did Putin get from Biden?...sunglasses, a pipeline to Europe, sanctions lifted, a return of Russian diplomats to the U.S., a list of 16 U.S. critical infrastructure entities that are 'off-limits' to cyberattack by Russia (does that mean that everything else not on the list is OK to be attacked?...bizarre!), and the opportunity to answer dozens of questions from reporters and spew his propoganda on international TV for 55 minutes at the conclusion of the summit without challenge by Biden, because he wasn't at that solo press conference! Why not, Joe?

What gifts did Biden get from Putin?...nothing...and the 'privilege' of being the 'second act' to Putin in his 20-minute scripted solo press conference that followed, taking pre-screened questions from only 5 reporters...and the humiliation of being the 'bridesmaid,' not the 'bride.'

 

Friday, June 11, 2021

Media Bias? 😒

You be the judge...


Versus...


More "Icky" Faux Pas Political Moments By VP Harris

TGIF...

This report from Fox News...

"Users on Twitter roasted Vice President Harris for passing out cookies made in her likeness to reporters on a plane while travelling to meet with the President of Guatemala."

A bit narcissistic, no? Imagine if former President Trump had done that. 😏


Another rather "icky" loss-of-cool moment was committed by Kamala Harris on the international scene -- President Biden's appointed 'Border Czar' -- who, embarrassingly (for Biden), has, conveniently, blamed the countries of immigrant origin for their failed policies, rather than own up and admit that her own President caused it on Day One of his administration (by the way, why is she -- and Biden -- refusing to visit the border?).

At what point does Joe Biden's 'open border' policy and resultant illegal immigration surge become a national security threat and a dereliction of duty?

As soon as he took office in January he reversed all the policies of the previous administration...that were working to keep illegal immigration down. He also recklessly abandoned the completion and funding of the southern border wall, leaving all the wall materials spread out on the ground along the border to rot...thus killing hundreds of construction jobs and jeopardazing the lives of U.S. Border Guards and American citizens (especially along the border) in the process.

Since February, over 170,000 illegal immigrants have crossed the U.S. southern border per month, who've been apprehended (and likely that many more who have not) from dozens of foreign countries. Among them have been known terrorists, murderers, human traffickers (who are turning their victims into slaves, according to FBI Director Wray), rapists, gang members, drug smugglers/cartels, etc. 

So, modern-day slavery is back in the U.S.A., thanks to Biden's immigration and border policies.

Source: ZeroHedge

Too bad Biden doesn't put as much priority on defending his own borders, as he does that of Ukraine's...

Source: ZeroHedge


This is definitely another "icky" and "sticky" issue for Kamala...and Joe...and a serious (and preventable) threat for all Americans and the U.S. economy.


* UPDATE July 11...

It gets worse.

It seems like VP Harris thinks most Americans are stupid, including Blacks...how does she think they've been able to vote all these years?

When will she, President Biden and other Democrats stop insulting voters?

Better yet, when will Americans stop supporting and enabling these politicians...and reject their constant accusations of 'racist,' etc.? Because, it sounds like they don't like Americans and America very much from their constant denigrating rhetoric.

So much for Biden's hollow promise of 'unity.'



* UPDATE September 8...

Damning news just in about VP Kamala Harris...really makes you question her judgement and motives...