Isn't It Ironic? 🤔

 

So, why do they still use these gender-specific titles and nouns? 🤔

Farewell, President Trump...Buona Fortuna, 45! PLUS: Impeachment #2

* See UPDATES below...

This post has it all...thrills, spills and political theatre...

• Former President Donald Trump's departure messages after serving his first term in office
• 2020 election "fortification" versus election "rigging"
• House Impeachment #2 and Senate Acquittal #2 of Mr. Trump
• Capitol riot of January 6
• Capitol security review
• Future Republican leadership questions
• America's future under the Biden administration 

Farewell Address 01/19/2021

Departure Ceremony 01/20/2021

Departure from White House 01/20/2021

Link to Trump Administration Accomplishments
Link to Trump White House Archives

~~~~~~~~~

Buona Fortuna, 45! 😊

NEW WEBSITE: donaldjtrump.com

~~~~~~~~~

2020 Market Wrap-Up and 2021 Market Forecast: A Dimmer Sun?

Perhaps the most valuable commodity this year will be Vitamin D, thanks to Bill Gates' proposal to "dim the sun" and his support for large-scale, endless lockdowns. 😏

My Annual 2020 Market Wrap-Up and 2021 Market Forecast is extremely short this year. We live in an upside-down world, propped up by central banks and government stimulus...likely to continue this year, thanks to the effects of the COVID-19 global pandemic.

The S&P 500 Index (SPX) gained a total of 1,568.34 points from the low to the high of 2020, and the Balance of Power (BOP) is still firmly in the hands of Buyers, as shown on the following monthly chart. 

However, the BOP for December is a fraction below November's, so the buying was slightly more subdued last month and may portend a slower pace in the coming months.

The next major resistance is represented by the 1.382% External Fibonacci level at 3850.57. Major support lies below at the "Big Round Number" of 3600.

Barring another retest of 3600, as we saw during three weeks of November, I'd expect the buying to continue up to 3850.57, or higher, in the coming weeks/months.

However, stocks may be getting overvalued, as shown on the following ZeroHedge chart. Perhaps 2021 may usher in more stock splits...or a 10-20% correction.

We'll see what happens...but, keep an eye on the rate of buying/selling, as represented by the BOP indicator.

P.S.

By the way, the SPX "iceberg" is still afloat.

Happy New Year 2021!

Here's hoping 2021 ushers in better days ahead for everyone. Best wishes for good health, prosperity and good friends. 😊

GALLUP POLL: President Trump Is Most Admired Man In 2020...Ends Obama's 12-Year Run

Link to The Hill article

We'll see where he goes next after his term as US President ends on January 20, 2021...

President Trump Signs COVID-19/Omnibus Bill With Proviso That Congress Make Amendments

At least the President is fighting for the average American.

We'll see if Congress is, as well, and follows through on these amendments...

At the time of posting this article, there has been muted reaction to this news in the US Futures markets. We'll see how the markets open on Monday.

Merry Christmas 2020

 

'Twas The Night Before Christmas 2020

 

Click here for live Norad Santa Tracker

What's In Store For Bitcoin In 2021?

It seems Bitcoin (BTC/USD) is fond of parabolic spikes...spike #2 is well underway from the March low, as price is approaching the first external Fibonacci level (1.382%) at 26259.60 (upside target and first major resistance level), as shown on the following monthly chart.

The Balance of Power still rests with buyers, but December's level is currently below that of November's, in spite of a 4,413 higher price.

Keep an eye on the BOP level at the December close. If it remains below that of November's close, we could see a retracement early in 2021...potentially down to around 20,000, or lower, particularly if price hits 1.382% by year end.

President Trump's 2020 Xmas 'Miracle'

 

Operation Warp Speed

Read full article at: Foxnews.com

Click link to view video

'Trumpenomics' Shatters Glass Ceiling: Dow 30 Hits 30,000

The success of President Trump's First-Term economic policies and programs, including Operation Warp Speed, were reflected in US markets today. The Dow 30 Index smashed through 30,000, setting an all-time record high! 

The Balance of Power lies with buyers...in fact, it also hit a record high today. 

With no overhead resistance, buyers are free to continue this bull run.

From This Week's "Smile File"...Nancy Pelosi's Friday the 13th

😏 I wonder how the rest of her day will go?

Link to tweet & video

Whoops...😮

Link to tweet & video

Link to tweet

S&P 500 Index At A Major Inflection Point

The S&P 500 Index (SPX) has breached, once again, the outermost deviation band of the Regression Channel (+5 standard deviation), which has its beginnings at the March 2009 low, as shown on the following monthly chart. So far, it hasn't been able to sustain a move higher.

It's either going to enter a new hyper-bullish phase to, potentially, spike sharply to parabolic heights, or pull back to somewhere around, either a confluence of the 20 MA with the +2 deviation level around 3100ish, or to a confluence of the 50 MA with the Regression Channel median around 2800ish.

Either way, the move could be swift.

In my post of November 8, I mentioned that buyers were in control of the MSCI World Market Index, based on a monthly timeframe. Its price was 2470.05 (Friday November 6).

The upside target I identified was around 2600. The next day it hit a high of 2546.16 before pulling back to close at 2502.06, as shown on the following daily chart. It's been trying to retest that high for the past three days, without success. The Balance of Power has flipped from buyers to sellers on this short-term timeframe. 

This may be a warning of weakening interest and a possible pullback in the SPX, as well as other global indices. Keep an eye on the MSCI World Market Index for clues in the short term.

"ZOOM" In..."ZOOM" Out!

* See UPDATE below...

Good news was announced today by Pfizer for a possible COVID-19 vaccine...more data will be assembled, then submitted to the FDA for approval in December. 

The research, development, and distribution of vaccines by Pfizer and other companies was established by the Trump administration's COVID-19 Task Force and fast-tracked under their 'Operation Warp Speed' program.

Link to tweet/article

Link to tweet/article

Link to tweet/article

Link to both of Frank's tweets & threads

Bad news for Zoom (ZM).

I'm not surprised it's plunged after its 735% parabolic rise in just 10 months this year! Remember what happened to Bitcoin?

We'll see what happens by the end of the year.

Bitcoin refresher...

* UPDATE December 30...

This is not good news for ZOOM...

After three failed attempts by buyers to push and hold ZOOM above 300, it looks like they've fled the scene. ZOOM has lost nearly 50% of its value from its October highs.

A drop and hold below 300 could seal its fate...while a push and hold above 500 could attract serious buyers, once a for all.

We'll see what 2021 brings.