SPX has spent the last three days trading close to the weekly upper bollinger band, and closed yesterday a point above it. I gave the maximum closing range this week without a rare and bearish punch above the weekly upper band at 1880-5, and if anything that looks a little high. With ES at 1884 [...]
Every now and then, some company will produce a commercial that’s designed to stir up nostalgia and humor among the masses: typically, the commercial will be pushing cars, or soft drinks, or some other consumer item, and it will show cliched scenes from decades past. For each crowd shot of each decade, everyone – and [...]
The year 2014 has been very good to gold, but I think it may be getting ready to soften; we’re heading for a trio of reasons: (1) the Fibonacci retracement; (2) that descending trendline; (3) matching the most recent important high in late October 2013.
I’ve mentioned here and there what a nightmare – - I’m talking Kafka-esque, living hell, nightmare – - it has been to deal with the broken, malfunctioning, poorly-planned, and poorly-executed labyrinth known as Covered California and Healthnet. Insurance companies are good at TWO THINGS: (1) collecting premiums (2) saying no to making payments. It’s an [...] […]