RIOTS IN AMERICA

* See UPDATES below...

This is an excerpt from my summary in Saturday's post related to the days-old riots currently raging in cities across America with respect to the death of George Floyd on May 25...

"We may see, either a pause in direction, or some profit-taking on Monday and beyond, as the markets digest the effects of this past week's riots in Minneapolis and St. Paul, and other cities across America...particularly, with respect to the damages caused to many businesses, as they were set to open in June after the COVID-19 pandemic months' long shutdown.

I hear that many more riots are planned for tonight (Saturday) in at least 50 cities. Who knows if this will spread to other countries, as they're also trying to rebuild their economies caused by the global pandemic...we'll see what happens."

Officer Derek Chauvin (left) and George Floyd (right)

Here's what, subsequently, happened Saturday night, and beyond...

SPX Pivot Point Values For June

MAY'S PERFORMANCE

Further to my post of May 25, the SPX didn't quite reach its potential R1 target of 3095.86 for the month of May. Rather, it hit a high of 3068.88 by month's end and was just 24.57 points shy of that level, as shown on the following monthly chart. It did, however, reach and exceed that level (3 trading days later) on June 3 (3131.40).

However, in my post of May 17, I gave the SPX a 55% chance of moving higher, when its price was 2863.70. Since then, it gained 205.18 points in nine trading days into the end of May.

So, all in all, I'd have to say that the the bulls were a little more than 55% successful in moving this market higher, even though it didn't quite make its R1 target.

JUNE TARGETS

The pivot point support/resistant values/targets for the S&P 500 Index (SPX) for the entire month of June are based on the high/low/close of the May monthly candle, as shown on the following pivot point calculator.

The PP of each monthly candle is depicted as a blue cross on the chart of the SPX below.

You can see, at a glance, where the current price is relative to those...giving an indication as to its relative strength/weakness as the price moves above/below each one in the coming days/weeks/months.

As of Friday's close, it's well above March, April and May's PP and pierced through February's PP of 3067.86. Price has fought through all of 2018, half of 2019, and well over half of 2020's overhead resistance since the March low, with relatively less (and recent) overhead resistance left to overcome.

R1 sits at 3153.3066, which, together with February's PP of 3067.86, will act as near-term resistance, as well as targets.

The closer the SPX gets to its all-time high at 3393.52, the nearer the Balance of Power will reach an overbought condition. However, that does not automatically mean that it will sell off at that point or that the price can't go much higher. Rather, it may just continue to rally more slowly over time.

Near-term support sits at May's PP at 2959.8833. A drop and hold below that level may see price reach S1 at 2850.8866, or lower.

SUMMARY

We may see, either a pause in direction, or some profit-taking on Monday and beyond, as the markets digest the effects of this past week's riots in Minneapolis and St. Paul, and other cities across America...particularly, with respect to the damages caused to many businesses, as they were set to open in June after the COVID-19 pandemic months' long shutdown.

I hear that many more riots are planned for tonight (Saturday) in at least 50 cities. Who knows if this will spread to other countries, as they're also trying to rebuild their economies caused by the global pandemic...we'll see what happens.

SUNDAY AFTERMATH...CARNAGE...ANARCHY

This link will provide Sunday's update on the violence and mayhem that occurred in the rioting, destruction and looting last night.

Joe Biden: Out of Touch...Out of Control

* See UPDATES below...

Since Joe Biden announced his candidacy for 2020 President, I've written several articles involving him, which can be read here.

During that time and since my last article, many scandals have surfaced about him.

They're too numerous to mention here, so I'll let the following graphic illustrate some of his shortcomings and challenges that he faces, as he continues to campaign from his basement at home to try and convince voters that his economically-crushing/destructive socialist policies (such as Democrats' Green New Deal) will be of more benefit to all Americans...

versus

...President Trump's conservative policies touting job growth and increased wages, reductions in regulations, returning manufacturing, industry and technology to the U.S., fighting for free and fair trade with other countries, continuing to strengthen his national and international security agenda, continuing to support and promote innovation, freedom, liberty, and prosperity for all, etc...the opposite of what Joe Biden is promising if he's elected President this Fall.

Voters renounced former President Obama's left-leaning policies when they rejected Hillary Clinton and voted for Donald Trump as President in 2016. Joe Biden's policies are so far out in left field, they'd make Obama's look like conservative programs, if enacted.

I can't imagine that Americans are ready to embrace a Venezuela-style of government any time soon, so I think Biden's Presidential bid is a non-starter already...especially as a highly-targeted/focused speedy economic recovery and national security strategies will be the number-one priorites that will need to be implemented to combat the wide-spread and ravaging damages caused, not only in the U.S., but also around the world, by the COVID-19 virus that spread like wildfire from China earlier this year.

The unleashing of a multitude of social programs costing American taxpayers trillions of dollars will not do the job of fixing the crushing economic and national security effects, et al, of that fatal incident. In fact, that's ridiculous. As it is, the U.S. National Debt is exploding, compounded by those effects, the future costs of which will be borne by the youth (taxpayers of the future) that Biden is currently attempting to woo. At the moment, every single taxpayer is on the hook for $203,712.

And, it's only going to get much worse...especially under the crippling political headwinds of a socialist government.

* UPDATE May 24...

It seems like Joe Biden is also out of touch with the African-American community with his comments this week during a radio interview, which angered many of them on the left and the right.

Furthermore, his major policies and laws that he helped craft and pass when he was a Senator years ago (for which he was excoriated by Senators Harris and Booker during the Democrat debates last year, and by others since then) did not benefit African-Americans (as he repeatedly claims). Rather, they were to their detriment.

In his subsequent non-apology "apology," Biden characterized his comments as a "joke"...the word "sorry," however, was notably from that statement.

He's also alienating women with comments like this...by the way, does that mean that whoever votes for him doesn't believe all women, or even any woman who claims they were sexually assaulted or harassed?

Whatever happened to the #MeToo women's movement and the "Believe All Women" mantra when the accused is a Democrat? Those women who began that movement (as well as the liberal media) seemed to have disappeared in this instance and only surface and make their voices heard loud and clear when the accused is a Republican. It would, therefore, appear that such a movement was never a serious one, but only a matter of convenience...and a rather "inconvenient" one for the alleged assaulted/harassed victim.

It seems there may have been some nefarious transactions between Joe Biden and the former Ukrainian President and Attorney General when he was Vice-President, and it appears that this matter is under investigation in the Ukraine.

The Senate is investigating Joe Biden's son, Hunter Biden, regarding his work in the Ukraine...which may expose Joe Biden's involvement in any nefarious activities, as well.

There are many questions regarding Obama's FBI investigation of the now-debunked Trump campaign-Russia collusion narrative and Biden's involvement in its origins. Those origins and that investigation are under investigation by the Attorney General's office and by the Senate...it's anticipated that those should wrap up sometime later in the summer, so we should learn more at that time.

And, finally (for now), there's Joe Biden's questionable history (then and now) with China.

Do these recent revelations leave much of anything that merit support for Joe Biden for President?

I wonder what shoe will drop next between now and the November Presidential election.

* UPDATE May 31...

Next shoe drop (this follows the last several days of riots across America)...looks like Biden supports rioters over law and order...when will he support old ladies who get beaten up while trying to protect their stores instead of these thugs?

Twitter Link

* UPDATE June 4...

Joe Biden is losing the support of police groups because of his failure to support them during the riots. Hundred of officers have been beaten by rioters and several have been killed...as he stands by and witnesses the U.S. descend into anarchy, while his staffers help bail them out of jail ...

Twitter Link

* UPDATE June 12...

* UPDATE June 20...

* UPDATE June 30

A well-written eye-opener, and a must-read, by Victor Davis Hanson...

"He is in a far more dire mental state than a physically failing FDR was in his 1944 campaign for a fourth term."

Source: NationalReview

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

~~~~~~~~~

What Jerome Powell Really Said 😕 PLUS Other Stuff

Translation: 

Inflation is up. We don't know how long it will keep going up. At some point it will stop. But, prices will not go back down. 😕

LOL...that's his definition of 'transitory!'

Link to tweet & video

Say goodbye to lower and middle-class America and small business owners...trying to recover from the world-wide crippling pandemic in the midst of all this rising inflation. 

Meanwhile, Joe Biden recklessly spends trillions of tax-payers' dollars on his pet projects, while encouraging the non-stop flow of COVID-positive (estimated to be 100,000 who are COVID-infected), disease-ridden, unmasked and unvaccinated illegal immigrants from all over the world to flood across the open southern border (over one million from 161 countries, so far, this year PLUS thousands of 'got-aways') and be transported by air or bus into unknown (undisclosed/secret) destinations in various states in America, while insisting that Americans get vaccinated and mask up again...and pay for all the costs associated with this mass migration process, including the care and housing of these illegals!

No wonder some members of Congress are fed up with all of this nonsense...I wonder why all of them aren't fed up and speaking out? Don't they care about their constituents?

In fact, why are any Republicans participating in any negotiations on any of Biden's legislative bills in the Senate (e.g., infrustructure) BEFORE insisting that he fix his border crisis, including finishing building the wall? How do they think they'll ever get a handle on ending the COVID pandemic until their southern border is secured, as it was when President Trump left office in January?

Biden completely wiped out all of Trump's border policies, even though they were working! How is that a smart or responsible action by the President, who is supposed to be in charge of national security and ending the COVID pandemic, and why is he ignoring those duties??? 😕

At what point do President Biden's executive orders and policies become a dereliction of duty and a national security threat?

Link to tweet & video

Link to tweet & video

Link to tweet & video

Link to tweet & video

The southern border mess...

Source: ZeroHedge

Link to tweet & video

Masks off...masks on. Mask guidance has been flip-flopping since Day One of the pandemic...

Link to tweet & article

We'll see if politicians are held accountable by voters during the 2022 midterm election...and the 2024 Presidential election. 

I wouldn't count on the Democrats and Biden holding onto power...who are more interested in stoking racism against Jewish, Asian and Caucasian Americans and turning a blind eye to out-of-control violent riots and rampant crime sprees and murders that have been plaguing hundreds of cities across America since the summer of 2020, while their Mayors defund the police and their District Attorneys and prosecutors fail to incarcerate and prosecute these criminals (who continue to commit more horrific crimes), as well as Judges who fail to sentence criminals accordingly. Kamala Harris (Senator at the time) even urged people to donate to a bail fund for rioters last summer!

Seriously...what the hell is wrong with all of these politicians! It seems they're lying when they agree to uphold the laws when they're sworn into office following their election.

God help Americans and protect their security, freedom, liberty and the pursuit of happiness, to which they're entitled under their Constitution...because it seems as though Joe doesn't want that job after all.

Link to WSJ article

By the way, is anyone concerned about the negative impact that disposable masks are creating on the environment (especially what they're doing to our lungs as we breathe in their fibers and any bacteria that collects on their surface and impede breathing by those affected with lung diseases)?

All Americans will continue to be muzzled (masked) forever and their health jeopardized, until the southern border is closed and properly secured to stop the inflow of millions of diseased illegal aliens who are carrying new, and potentially deadlier, COVID variants from their countries of origin.

President Biden has the power to put an end to this reckless policy. 

So, why doesn't he? 🤔

Link to article

Deaths from homicides are outpacing COVID deaths in Washington, DC...which one is the real pandemic?

* UPDATE August 2...

So, does the NYT opinion article (as described in this Fox News interview) explain the real reason why Joe Biden is allowing the surge in illegal immigration...that is, to allow them to vote without becoming citizens (and sway the outcome of all future elections in favour of, what has now become, his radical extreme far-left Democrat party...in perpetuity)?

If so, what will that do to the country (which is governed by its Constitution) and the rights of its legitimate citizens?

And, what bizarre un-American, unconstitional edict is next, then?

Brace yourselves...

Source: FoxNews

* UPDATE October 3...

More information on inflation...

Meanwhile, Joe Biden's approval ratings continue to tank...

Vintage Joe Biden: No doubt, this will be a shocking revelation for the thousands of Haitians who've recently entered the U.S. illegally via the southern border, with tens of thousands on the way, as I write this.

As we know, leopards don't change their spots, so it makes me wonder what his plans are for all of them...will he welcome and re-settle them all in his home state of Delaware, or will he dump them elsewhere? 🤔

Don't hold your breath that you'll ever see any of them in any Delaware neighbourhoods...instead, they're coming to yours.

Source: Daily Wire