Don’t fight the Fed is a well worn adage that has proven its value once again during the COVID-19 pandemic as record injections of Central Bank (Fed) reserves coincided with a record run higher in our stock market. The Fed began its quantitative easing (QE) experiment when they printed a…
07-13-20 Stocks hit a frenzied top today just above the June rally highs before reversing sharply. Apple at 400 and Amazon 3500 look like blow offs that should hold for July. Sept’ SP 3156 (if it holds) represents a swing support that would carry prices to all time highs in…
The family of crown shaped coronaviruses has been identified in humans since 1965, originally associated with the harmless common cold. With 7 known types of regal looking coronaviruses known to infect humans, the current COVID-19 cousin is most closely related to the Chinese SARS virus (or COV-2) that appeared in…
{select comments} 07-06-20 Gold still testing 1800 with overbouight Bullish sentiment with too many expecting major breakout to the 1900s. : Oil, similar to Gold, is overbought. : Soy & Corn pushing to a breakout higher in new Bullish uptrend. : If China Trade war breaks out, all trends will…
The record setting Bull market in stocks since 2009 had reached a parabolic climax in February. The 1st quarter culmination was particularly amazing in that the US economy had been slowing for months and the growing Covid pandemic had already shut down China and begun moving into the rest of…
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