It’s that dreaded day after Independence Day. The weather is gorgeous and I don’t really feel like trading either. The thought of just phoning it in had occurred to me, but as the new month just rolled over I thought I may as well take another peek at our monthly charts. Which uncovered quite some interesting perspectives that I’m eager to share. But no worries – we’re keeping it light and easy today. Consider this a purist’s approach to market analysis as we’re going to ignore everything but Net-Lines.
What a glorious day for Britain and anyone among you who continues to believe in the ideas of liberty, freedom, and sovereign democratic rule. The British people have cast their vote and I have never ever felt so relieved about having been wrong. Against all expectations the leave camp somehow managed to push the referendum across the center line, with 51.9% of voters counted electing to leave the European Union.
It goes without saying that this historic vote will have long term implications all across the rest of Europe, as resistance to a increasingly authoritarian, wasteful, and bureaucratic European Union has steadily been growing across the Euro zone over the past [...]
At long last British citizens are getting their opportunity to kick the EU to the curb and once again enjoy national sovereignty without any interference from unelected fat cat bureaucrats in Brussels. Or so the story goes if you’ve bothered to listen to the all recent hype in the news.
It’s getting pretty toasty over here in Valencia and the air conditioning are doing their best to keep temperatures within a tolerable range down here in the lair. The transition to summer here in Spain is pretty drastic and very different from what I am used to from my two decades living in Los Angeles. Two weeks ago it was still chilly and rainy but then someone somewhere in Madrid throws a switch and the entire country turns into a smoldering but humid oven.