It was a pretty tedious day, with the SPX settling effectively flat at 4192. Meanwhile, WTIC settled +36cents (0.5%) at $72.05.
sp’weekly1b
WTIC daily
Summary
SPX: a day of tedious chop, and things can only get more dynamic from here, yes? Weekly momentum remains moderately positive. I’d note the 10MA 4127… and it won’t be easy to break AND hold below there… ahead of the long weekend.
WTIC: a moderate gain for oil. Daily momentum is marginally positive. S/t bullish >74, bearish <69.
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Looking ahead
Tuesday will see PMI serv’, PMI manu’, new home sales
Earnings: LOW, DKS, BJ, AZO, WSM, VIPS, PANW, INTU, VF, A, TOL, URBN
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Final note
Special note to the ‘new people’.
I don’t expect you to agree with everything I post, especially in after hours. I’ve never been one to shy away from discussing contentious issues. What I do expect is that you question everything, whether its from CNN, FOX, Zerohedge.com or yours truly. If you can do that, you’ll be ahead of the curve.
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So the UK regime has already placed a $1bn order with Moderna for an mRNA flu shot, that is only in stage’1 trials. Unless they resume the lockdowns though, most of the sheep won’t take it.
Give me a decade of longitudinal data, on the positive and adverse effects, and I’ll consider it. Otherwise… this is to be seen as medical madness.
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Heying and Weinstein, as there remains a push by most Governments and their media lackeys to keep suggesting C19 was of natural origin.
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One-Third of Canadians Support Killing the Homeless – Modern Eugenics
Of all the stories I’ve highlighted across the past decade, this is perhaps the darkest. I will not shy away from saying, a very significant chunk of the Canadian populace are ethically bereft.
MAID is being pushed hard, for those deemed physically/mentally ill, ‘too poor to live’, or simply those that want to die.
Its been truly shocking to see a society flip from one of the best in 2019, to one of the most psychotic nations since NAZI Germany, and I don’t cite the sub-human NAZI filth lightly.
Ohh, and that reminds me of a movie I saw last night… ‘Sisu’. For those that want to see a one man army, slaughter NAZIs, its one hell of a ride. Its not for the faint hearted though, its very Tarantino-esque in style, even to the yellow title/chapter font.
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I’ve not watched this yet. Whilst I do own a copy of ‘The Creature from Jekyll Island’, for the record, I don’t agree the latest banking crisis is ‘planned’. I just see it as a group of academics who are trying to skew the financial system… usually just making the business/economic cycle more unstable.
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CNBC vacation is over?
I’ve not watched the cheerleaders since last October. Vacation has been good, but with the SPX having printed the 4200s, I’ve been increasingly curious to see just how bullish they are. For today… I managed around 90 seconds before hitting the mute button.
I do want to watch them squirm with the next major down wave… whenever that might be.
Goodnight from London