TRENDING
The tape is now officially set to Santa Rally cruise control – as expected and predicted for several weeks now.
A few charts which I think tell us all we need to know:
My stacked SPX Bollinger chart is not looking good for the shorts. We basically are tracing both upper 100 day and 25 day borders now – comfortably inside on a steep trajectory. Yes, there will be the occasional surprise drop just to shake out a few nervous piggies. This situation can persist almost into perpetuity and top calling, especially in mid/late December, is an exercise in futility. Let it paint a top and then we talk. Or let it push outside both BBs – but that [...]
I am happy to report that I made it back to Los Angeles in one handsome and obnoxious piece. The last four days in San Jose served as a painful reminder as to why I hated living in the Bay Area so much back in the 1990s: The weather plain simply sucks. Case in point – it was raining every single damn day. Meanwhile four hundred miles down South you couldn’t find a single cloud in the sky and hot looking chicks with enlarged breasts were strolling up and down Melrose Ave barely clad in mini skirts and see-thru tops. So next time you hear me bitch about our roads being littered with potholes just tell me to put a sock in it. Quite frankly I have no idea how T.K. puts up [...]
My apologies for not putting up a post last night – the WiFi at my hotel was intermittent as I was surrounded by lonely Silicon Valley nerds who were straining the network by downloading p0rn. After trying several times I eventually had to admit defeat and decided to catch some sleep instead.
Copper continues to shine and as many of you know it has been leading equities without fail.
As it’s been a while let’s take a look at our trusted copper/SPX correlation chart:
As you can see copper has continued to lead equities every step on the way. The snap back in November was no exception and it is now pushing into higher highs. Now, I [...]
Well, you know the answer in my case. Ho, ho, ho! The Santa Rally is officially upon us – as predicted by the daily Zero, the POMO chart, the VIX buy signal, Cramer, the Tooth Fairy, the ISEE… Ooops – right, that one has us in extremely overbought conditions but we have learned that this thing is usually quite a bit early – meanwhile more lambs are being led to the slaughter. Those concerns however shouldn’t keep us from feeling all festive and going out to shop shop shop – if necessary via that reserve credit card you’re paying 33% interest on. T’is the season!
Meh – who am I kidding – Santa is a [...]
Forward Projection
