Month: April 2023

Looking ahead

Equities saw a net bearish Thursday, the SPX printing 4114, if recovering to settle -0.4% to 4129. Meanwhile, WTIC settled -$1.87 (2.4%) to $77.37.

sp’weekly1c

WTIC daily

Summary

SPX: As things are, we’re net lower for the week by -7pts (0.2%). Weekly momentum is still increasingly positive, with no clear sign of a ceiling/turn. The H/S scenario is ‘borderline’ at best. It’d be useful to the bearish case if the week settles around 4100.

WTIC: oil declined for the fourth day of six, printing $76.97. Momentum has turned negative. The big gap to the $75s has almost fully filled. Secondary support 73/72s, which might sync with sp’4030/4000 next week.

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Looking ahead

Friday will see PMI serv’, PMI manu’

Earnings: PG, SLB, FCX, HCA

Event: it will be OPEX, so expect considerable chop on higher vol’. Market makers will be highly inclined to pin as many stocks and indexes around the nearest big round number.
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Final note

Dore on Brazil’s Lulu, calling for countries to abandon the USD.
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I noticed that story via Zerohedge. Its rather sickening, as the push continues against any talk that counters the political agenda of the psychopaths – not least at the WEF/UN.

The climate reality is…


… we live in the most incredibly stable of climates. If you want to see ‘climate change’, look to around 10500BC, the Younger Dryas… an era of absolute chaos.

I want clean air and water, and the most efficient of energy production.

Anyone who starts talking about ‘climate change’ is to be derided as 100% ignorant. These days of course, that covers around 98% of the populace, whose thoughts are grossly manipulated by the political class, and their lackeys within the mainstream media.
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I’ll end on an inspiring note…

It didn’t end well… but that is what test launches are for!

Goodnight from London