It’s been a great first quarter for us all and I propose to spread it around a little and celebrate Easter in style. So how about surprising your little ones with a Fabergé nestegg instead of some crusty old chicken egg laced with industrial Chinese paint. A little too pricey for you or you weren’t able to find $33 Million under your couch cushions? Well, try not to look like a complete loser and at least get yourself a few dozen gold plated chicken eggs at the low price of $138 – each that is. I’m sure for that deal their phones are ringing off the hook right now. Crikey – I’m in the wrong damn business!
Things are still looking quite dicey across the board, i.e. volatile and mostly sideways. Which means we’ll have to remain extra cautious with our exposure and keep an objective mindset until we see more directional tape again. So this will be a quick Monday morning warm up with some general perspectives and ideas as to what symbols to watch:
The wave wankers amongst us would probably label the current formation a 1-2-1-2 pattern and I simply call it a corrective inflection point after a major advance in equities. What I mean by that is that the odds are roughly equally balanced right now pointing in both the bullish as well as bearish direction. Relatively small [...]
I woke up this morning only to learn that my country had once again launched missiles into Syria, which quite frankly speaking depresses me profoundly for a whole host of reasons. Love or hate Donald Trump, the one campaign promise the majority of all Americans could probably get behind of was to cease U.S. participation in useless and costly wars, and especially anywhere near the Middle East. But here we go again, and quite ominously so exactly 100 years to the day after joining World War I, or what was then commonly known as ‘The Great War”.
I wonder what thoughts were triggered in your head when you saw the featured image above. The notion of a brewing storm is rather ominous and usually is associated with inconvenience, discomfort, and sometimes outright destruction of property. But I chose it very carefully to make a point which I’ll try to convey below. Let’s look at some charts: