Monday, December 20, 2021

Chartology: Have You Ever Seen A Bear Dance?

Not like these guys:

Valtteri Mulkahainen via BuzzNick

Like this: 

Feels So Good

Well, the nauseating, feckless milksops known as equity bulls are getting burned, and God knows no one deserves it more. What’s particularly galling is that the narcissistic Cathie Wood declared stocks in “deep value territory” this weekend, even though the S&P 500 was at the most overpriced level in human history on goddamned Thursday. So, yeah, Cathie, I think those neck cream vapors are beginning to affect your already spurious thinking.

I’m delighted to report that the SPY has broken its lower trendline. It’s over folks. Jerome Powell is doomed, as are his mewing, sycophantic followers.

The failure of the small caps is particularly lovely, as the triple-leveraged ETF breaks below is well-formed right triangle pattern....


That's Tim Knight at Slope of Hope