WELCOME

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.


Friday, August 27, 2021

SPX: The Biggest Non-Bubble In History

* See UPDATES below...

Wall Street claims U.S. markets are not in a bubble.

Ooookaaaay...

Take a look at this monthly chart of the S&P 500 Index (SPX)...compare the rally, to date, from 2009 with the two prior ones leading up to August 2000 and October 2007...and judge for yourself.

No bubble

How about parabolic, then?

How much longer will the Fed continue to soft-pedal increasing domestic and global risks to economic and market stability, inflation, and national/international security issues, etc., by flooding markets with endless money-printing measures?

At the time of writing my post, every U.S. taxpayer is liable for $227,474 of the national debt.

How much longer will Wall Street continue to ignore and downplay those issues?

We'll see what happens....but the fall is likely to be spectacular and unprecedented.


* UPDATE September 4...

Just do the math...for confirmation of my analysis, check out the details outlined in this article...


* UPDATE September 5...

In a nutshell, my big takeaway from the detailed report below is that runaway inflation could cause the U.S. dollar to plummet, Treasury yields to spike, and Gold to become a safe-haven hedge against such a scenario...leaving equities vulnerable to the clutches of a severe bear market.

So, keep an eye on the price action of these three over the coming weeks and months, which are depicted on the following monthly chart.

Gold is sitting on major support and is poised to rally to new highs, the U.S. dollar is range-bound and swirling around long-term major support/resistance, and the US10YT is sitting just below and poised to break above major resistance, once again, and rally to form a new uptrend on this timeframe.

No wonder the Fed keeps insisting that inflation is 'transitory!'



* UPDATE September 17...

The question of the bubble-burst is not IF, but WHEN.


Inflation expectations rose again, as reported today.

Source: Forex Factory


Exerpt from ZH article

Consumer sentiment dropped, again, as reported today.

Source: Forex Factory

The panic sets in...



And, don't forget that Biden's catastrophic southern border distaster and COVID super-spreader event -- 200,000 illegal aliens crossing per month who are being transported and dumped by Biden's minions in towns and cities all across the country -- has created an avoidable humanitarian and health crisis of epic proportions, as his administration is trying to prevent the media from filming this mess.


All of this, plus his other botched policies, adds to out-of-control  inflation...and spiking COVID-19 cases from illegal immigration.

Sooner or later markets will react,
as Biden breaks America.

~~~~~~~


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


Sunday, August 15, 2021

Biden's White House on Holiday While Afghanistan Falls to Taliban

Link to video

President Joe Biden's botched military withdrawal from Afghanistan has created a colossal international crisis that will spawn epic terrorist threats to the entire world for decades to come.

There are growing calls for Joe Biden and VP Kamala Harris to resign. There are growing calls to remove him under the provisions of the 25th Amendment. There are growing calls to court-martial him as Commander-in-Chief of the U.S. armed forces.

Take a look at this video (August 22)...it's a damning assessment of the withdrawal and a dangerous and bleak outlook for the entire world by these military experts...


What a mess President Biden has created, domestically and abroad, for America and its allies...he didn't even warn them (or even the Afghanistan military force) ahead of time that he was going to immediately pull all troops out of Afghanistan! 

As long as he remains president and Kamala Harris as VP, the U.S. and the world will continue to be less safe.

How much longer will those around both of them continue to enable them and push their un-American, weak and ill-conceived extreme far-left socialist policies forward, and how much responsibility do they also bear in the failed outcomes and residual fallout? 

In this regard, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, along with Democrats and all their donors -- and to a lesser but very important extent -- the mainstream media (most of it), social media moguls, Hollywood celebs, Wall Street elites and bankers, Corporate moguls, etc. have all slobbered over how Biden/Harris bring 'normalcy' and 'a breath of fresh air' back to America!


Meanwhile, in the days following August 15, Joe Biden repeatedly turned his back on reporters, refusing to answer their questions on Afghanistan in at least three press briefings in the past week...and, by extension, has turned his back on all Americans.

That's his legacy.

Kamala Harris is AWOL...during this crisis and throughout much of Biden's presidency, so far.

That's her legacy.


* UPDATE August 30...

The Pentagon announced today that all U.S. troops and diplomatic personnel have left Afghanistan, ending the 20-year war. There are an unknown firm number of U.S. citizens and Afghan allies who are still stranded in the country and could not get out before the last military plane left today.

Just prior to the terrorist suicide bombing attack at the Kabul airport that killed 13 and wounded approximately 20 U.S. military service members on August 26, (retired) Lieutenant-General H.R. McMaster said in a television interview that, 
"There are costs associated with surrendering to a terrorist (Taliban) organization."


Following the 9/11 attacks on America in 2001, the U.S. military engaged in a war in Afghanistan and fought against the Taliban and other terrorist groups in that country for 20 years.

20 years (and thousands of U.S. troops killed and wounded) later, President Biden, essentially, surrendered control of Afghanistan back to the Taliban and left them thousands of pieces of military equipment, in the process...thereby strengthening their (and al-Qaeda and ISIS-K) terrorism capabilities against America.


Americans will have to ask themselves whether the initial purpose of the war and the final results were, and will be, effective at preventing more terrorist attacks in the U.S. from that part of the world.

Furthermore, Americans will have to decide whether or not to hold President Biden and other top leaders in his administration accountable for this surrender and their failed Afghanistan operation to get all Americans and their allies (including billions of taxpayer dollars worth of military equipment) out of the country.

Former President Obama was fond of saying, "There is only one President at a time." 

President Biden is the current president and Commander-in-Chief...the buck stops with him...he is responsible for all decisions made since he took office on January 20 of this year..NOT former President Trump, whom he's been cowardly trying to blame for this botched withdrawal.

I think a tsunami of change will occur in the House and Senate when the 2022 midterm election rolls around, followed by the 2024 presidential election.

Many Americans do NOT want to be ruled by a plethora of rabid socialists, to which they have already been subjected in the U.S. since January.

Many American citizens emigrated/escaped from countries run by socialist and communist leaders and enjoyed their liberties and freedom from tyrannical ideologues...they were supposed to be protected by the U.S. Constitution which is supposed to be upheld by U.S. (Democrat) leaders and the courts.

So, we'll see what happens.



* UPDATE August 31...

The fallout has begun...



Various media reports are now surfacing which detail a number of disturbing facts about this mission:

All you need to know from President Biden's speech on Afghanistan today was that he:
  • lied repeatedly...again,
  • blamed everyone else but himself...again,
  • took no questions...again,
  • and turned his back on Americans...once again...as he left the podium.

So, nothing new.

God help Americans, Afghan women and girls, and the rest of the world.


* UPDATE September 7...

AMERICANS & NATO LEADERS: Are you paying attention yet?...



From Gitmo to Afghan government...via former President Obama and President Biden...




"Our Friends the Taliban": What could possibly go wrong? Are there no sane persons/cabinet secretaries/advisors/leaders running the Biden/Harris administration?

I repeat...AMERICANS & NATO LEADERS: Are you paying attention yet?

* UPDATE September 8...

More lies and despicable, cruel actions exposed in the Biden administration...this time in the State Department, which is actively blocking Americans stranded in Afghanistan from returning to the U.S....


Anger is growing in America at Biden's incompetent Afghanistan blunders and lies...
"Biden has no business setting foot at Ground Zero on the Anniversary of 9/11."
PLUS

* UPDATE September 10...

If this next story doesn't make you seriously question whether Biden's "over-the-horizon military intelligence capabilities" are, in fact, a competent and reliable method to gather intelligence about terrorist activities inside Afghanistan, then I don't know what will. 

The New York Times is reporting that Biden's latest blunder cost 10 innocent Afghans their lives (including 7 children) in the hours leading up to the last American plane leaving Kabul airport. 


By the way, the Biden administration is now praising the Taliban this week for working with the U.S. in a "business-like and professional manner"...in spite of horrific reports, photos and videos coming out of Afghanistan showing these terrorists severly whipping and beating women protesters and the local reporters covering those events, as well as torturing and beheading Afghan allies and their families throughout the country (including taking and killing Afghan boys to prevent their future resistance).

What the hell is going on in 
Joe Biden's Oval Office 
and Administration?

I repeat...AMERICANS & NATO LEADERS: Are you paying attention yet?

* UPDATE September 17...

The Pentagon held a news briefing today to admit that they did, indeed, kill the wrong persons in Kabul with their drone strike. It was an Afghan aid worker, who was busy delivering water to Afghans in need, and family members -- 3 adults and 7 children -- NOT ISIS-K terrorists, as the military leaders and Joe Biden originally bragged.

So, now we have proof that Biden's "over-the-horizon military intelligence capabilities" are not a reliable method with which to conduct counter-terrorism activities in Afghanistan going forward.

No doubt, the multiple terrorist regimes in that country will be emboldened by that revelation...along with the fact that they're now armed with thousands of U.S. military weapons and equipment left behind during their pullout, and the fact that there are still hundreds/thousands of Americans and Afghan allies abandoned there (serving as hostages of the Taliban).



President Biden and his entire cabinet,
as well as VP Kamala Harris,
need to resign immediately
to regain the security and stability of 
America and its global allies.

I repeat...AMERICANS & NATO LEADERS: Are you paying attention yet?

~~~~~~~

May peace come to all who served and survived.

May all those who died, rest in peace.

~~~~~~~

N.B. Read many more details on this HUGE story, as it developed from August 15, onward, on this page in my Blog.


Friday, August 06, 2021

Quote Of The Week


How To End The Week On A High Note...And How Not To...

HIGH NOTES

99 reasons to 😊...


The SPX set a record high this week and closed just below. 

However, keep an eye on the Balance of Power indicator, inasmuch as it is not confirming the new weekly highs...portending possible weakness ahead.


This July 27th tweet regarding the SPX is worth noting...


LOW (Democrat) NOTES

Democrat women blame Kamala Harris' unpopularity on her sex...BUT I thought their party didn't recognize male and female genders! 

So ladies, what's the real reason? 😕



This young girl's eyes and body language say it all...how creepy is this 'too-close-for-comfort' shot of Joe Biden! And, why isn't he wearing his mask (in violation of his own policy/mandate) and staying 6 feet away from her with COVID-19 cases on the rise again? 😒


And, there are these reminder shots (posted in Twitter) from past encounters over the years (only a tiny sample from many cringe-worthy moments of Joe's hands-on invasion into girls' and women's personal space without their permission)...


And, there's this unfinished business in Biden's past...


Remember this statement?...(Kamala Harris now works for the man whom she threw under the bus in 2019 when she was campaigning to be President, herself...how could she then lower her standards to be chosen as his VP?)...



It looks like the gloves are off in the row between President Biden and Florida Governor Ron DeSantis (R) regarding COVID-19 protocols and illegal immigration...


Hypocritical (and hysterical) demands to take away all police protection from American citizens, such as the one touted by this Democrat Congresswoman (while keeping her own taxpayer-funded security) make a great promotional ad for Republicans in the 2022 mid-term and 2024 Presidential elections...


New York Democrat Governor Andrew Cuomo had a bad week.

The New York Attorney General (D) held a press conference and laid out the results of an investigation into complaints that Cuomo sexually harassed multiple women. 😒

President Biden called for him to resign. 👀 The Governor has, so far, refused.

There is a bi-partisan impeachment inquiry currently underway in the New York State Assembly covering this and three other major issues...and multiple New York District Attorneys have now opened investigations on this case.

We'll see what happens...


P.S. NY Governor Cuomo announced his resignation today (August 10), to be effective in 14 days. We'll see if the State Assembly follows through to impeach him, or not...and what happens with any court cases against him on various issues.


* UPDATE August 13...

Just when you thought President Biden couldn't have a worse week than the last one, this week topped that one...








And, there's more, as I describe in this post.