Gold Struggles Beneath Major Resistance (Chart of The Day 22)

Gold Struggles Beneath Major Resistance   After once again teasing its proponents, Gold appears to be tracing out a short term ROUNDED TOP pattern.  If it completes the pattern, GLD is likely to return to retest its support near last summer’s lows. The case for Gold continues to strengthen from  a fundamental standpoint, but its […]

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Founder Elon Musk Continues Self-Inflicted Damage (Chart of the Day 21)

Founder Elon Musk Continues Self-Inflicted Damage (Chart of the Day 21) Elon Musk and Tesla shareholders endured a rough week.  First Quarter sales fell far short of expectations and  below those of the 4th Quarter.  (https://www.zerohedge.com/s3/files/inline-images/ttd%20m3.png?itok=j-aL57e0). The schedule of Federal price subsidies explains why.  A “rebate” of $7,500 per vehicle until January 1st, 2019 was […]

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LYFT’s IPO Raises Questions (Chart Of The Day 20)

LYFT’s IPO Raises Questions   LYFT’s IPO priced at $72 on Thursday night implying a pre-trading valuation of $22 Billion Dollars.  Only weeks earlier the value range was thought to be between $10-$15 Billion. LYFT’s first trade  was $87.24, just shy of a $27 Billion value. Trading went straight downhill from there, with the stock […]

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The Tesla Mess-la (Chart Of The Day 16)

Model 3 Sales Plunge Hardly a day goes by without some new revelation by Tesla Motors or its eccentric founder, Elon Musk.  After reporting a surprise profit in 2018’s third quarter, Tesla’s fortunes have since stalled. Tesla sold 140,000 of its “affordable” Model 3 in 2018, easily dominating the field for plug-in electric vehicles.  Including […]

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Crypto Rally Imminent? (Chart of The Day 15)

Sector Closes In On Key $150 Billion Value Level The Cryptocurrency Sector has endured one severe BEAR MARKET.  From a peak market value of $825 Billion, the Sector lost 88% of its value before bottoming last December. (https://coinmarketcap.com/charts/). The wipeout of value has been more than justified by the Sector’s disconnected fundamentals.  Holders of Cryptocurrencies […]

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Retail: The Best of Times or Worst of Times? (Chart of The Day 14)

The BEST Christmas in 6 Years or The WORST December in 10? Last week, the Census Bureau released Retail Sales data for the month of December.  The headline number was a stunning FALL of 1.2%. (The Chart on the Left is Seasonally adjusted month over month retail sales.) Following this news, investment banks  tripped over […]

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Chipmakers Poised To Lead Nasdaq HIGHER? (Chart of the Day 13)

Semiconductors Breaking Away Despite Bad Earnings An attribute of BULL Markets is the ability to rally in the face of bad news.  Usually, that means that bad news has already been taken into account and available sellers are exhausted. Semiconductors have not only been reporting lower earnings but reducing estimates for 2019 and 2020.  Despite […]

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