What Would You Do?
Hi Shoppers, Like me, many of you are glued to your TV/phone/computer, keeping track of the happenings in Ukraine. The Ukrainian people truly seem to be strong, resilient, tough and patriotic. Authorities have handed out 18,000 rifles and trained volunteers College students are making Molotov cocktails. The Ukrainians have, remarkably, been able to hold onto […]
Huge Market Reversal
First of all, let’s keep all the people who are being affected by this invasion in our thoughts and prayers. We as Americans can’t even imagine what it would be like. In the face of that turmoil, yesterday’s market move was one of the biggest turnaround reversals I’ve ever seen. The SPDR S&P 500 ETF […]
What Are the Charts Telling Us?
Hi Shoppers, This market is still making massive moves up and down. I don’t know about you, but I am finding the news on Russia and Ukraine very confusing. Is Russia invading … ? Russia is invading … Russia has invaded certain areas … Is that a real invasion […]
Curling, Anyone?
Hi Shoppers, Watching the Winter Olympics recently, I found myself wondering … what is curling,exactly? (Don’t worry, I have a trade today. More on that in just a moment.) What are they doing with those brooms? Making it go faster? Guiding it? And what is that big disc anyway? Where did this game get started? […]
Roller Coaster of a Day
Hi Shoppers, Wow! Can you say roller coaster? Or double reversal? That’s what the SPDR S&P 500 (TIcker: SPY) did yesterday. Here is the five minute chart for the day: SPY opened down $6 on the ugly CPI numbers that came out telling us inflation is at a 400year high of 7.5%. Chicken wings are […]
I Was Right!
Hi Shoppers, First of all, I need to tell you something … I was right! Yes, I know it’s kind of bragging … But when you put yourself out there, as I did on my Bitcoin and Coinbase call on Sunday, and are correct … Well, it simply needs to be pointed out! You see, […]
BTC Out of Its Funk?
Hi Shopper, Is Bitcoin breaking out of its funk? Looks to me like it could be. Check out the BTCUSD chart: Bitcoin has been in a downtrend since its all-time high of $69,000 on Nov. 10, 2021. Friday saw a huge move up creating a very bullish candle that has decisively broken out of that […]
BTC Out of Its Funk?
Hi Shopper, Is Bitcoin breaking out of its funk? Looks to me like it could be. Check out the BTCUSD chart: Bitcoin has been in a downtrend since its all-time high of $69,000 on Nov. 10, 2021. Friday saw a huge move up creating a very bullish candle that has decisively broken out of that […]
Let It Snow … Please No
How many calories can you burn shoveling snow? That’s all I could think of while I was dying. We received around 7 to 8 inches here, but it felt like it could have been a foot deep. It may not look like much but I had to do that whole driveway. It took me just […]
Which Way Do We Go?
Hi Shoppers, The market is sitting right at the old support of $450 on the SPDR S&P 500 (Ticker: SPY), which becomes resistance on the way back up. We definitely needed a day like yesterday. A breather from these wild gyrations. The market doesn’t like huge moves like we’ve been experiencing. It shows uncertainty which […]