Month: June 2021

Looking ahead

It was a second day for the equity bulls, the SPX settling +21pts (0.5%) to 4246. Meanwhile, WTIC settled -27cents (0.4%) to $72.85.

sp’weekly1b

WTIC daily

Summary

sp: Today’s high of 4255 was just 2pts shy of last week’s historic high. It remains bemusing how many seem to have so little perspective that the m/t trend remains very strong. Seriously, where are all the maniacs who were calling – across this past weekend, for a major drop on Monday?

wtic: oil broke a new cycle high of $73.47, if cooling back a little. Next big resistance of the 75/76s are clearly viable within the immediate term. Any price action >77s would be decisive, and offer open air to giant psy’ $100…. as now seems an eventuality. If correct, monstrous implications for the related energy stocks, not least OXY and SLB.

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Looking ahead

Wednesday will see Intl. trade, PMI manu’, PMI serv’, new home sales, EIA Pet’

Earnings: WGO, KBH, FUL

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PF chart of the day

Computer has a bullish target of $21.50.

Marathon Oil, monthly


Marathon is currently higher for the seventh month of eight. Next resistance are the $18s, and then the 2018 $23s. I hold LONG from $13.14, although (as is also the case for RIG), its a half size position, relative to OXY and SLB.

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Final note…

C19 chatter

A few things come to mind…
Who is really funding these people? Is it Big pharma’, whether directly, or indirectly?

re: Freeman, maybe he should start by getting his BMI down from 35/40 to 25? His weight is clearly his biggest health risk right now. But hey … the mainstream sure don’t want to talk about that!

From the Hedge…

https://www.zerohedge.com/covid-19/kamala-harris-trains-activists-pressure-people-getting-vaccinated

… and lets be clear, if the Republicans were in power, they’d also be pushing this ‘door to door’ policy, as both parties are being bribed by big pharma’ to push their products.

You don’t doubt that Moderna, Pfizer, or any of the other big names, aren’t having little private meetings with members of congress every weekend, do you? They have a new revenue stream, and as a sector, they’ll be spending billions on bribing their way to get the laws shaped as they wish. Primarily, they want mandated vaccines. Secondarily… to make it an annual, or even six monthly ‘event’.

In any case… another day onward, as the probability of something actually ‘bad’, has increased by a few more ticks.
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Ohh, and there was this…


… and this is clearly due to the Fed’s easy money policy. Now we face a massive push by the financial giants to buy all the homes, and make everyone a renter.

2030 isn’t far away. How does the idea of ‘owning nothing’ sound?
Whether you vote for the left or right… it makes little to no significant difference.

If you recognise that… it should indeed have you feel rage at the sheep/serfs, as the cancer of communism is spreading across the western world, and the millenials… are largely welcoming of it.

Goodnight from London

Yours… wondering what Thursday and the full moon will bring.