Equities saw early powerful gains erode from 5469 to 5356, but the SPX still settled net higher by +88pts (1.7%) to 5375.
sp’weekly1b
Summary
SPX: As things are, we’re net higher for the week by +93pts (1.8%). I would especially note weekly momentum which is ticking upward, and could be expected to swing toward the bulls for at least another 3-4 weeks. Bears should be looking for a stall below the key 20 threshold… in mid/late May.
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Looking ahead
Thursday will see Weekly jobs, durable goods orders
Earnings: $AAL $LUV $FCX $NOK $MRK $PEP $NDAQ $VLO $UNP $CNP $INTC $GOOGL $CLS $TMUS $AEM $BYD $VALE $DOC $SKX $WY
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Final note
The Whalen is worth your time.
Get a coffee first.
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‘The disease cycle has honed in on 2026 as a major event. I am not saying that Disease X, the next pandemic outlined by the WHO, will occur before that timeframe, but the correlations are undeniable.’ – Armstrong
Indeed… it appears just a matter of time.
As I said in late Jan’2020… ‘you can choose to prepare accordingly.’
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*I’ve not watched.
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*I’ve not watch. One of a number of people seeking $10K gold and $50 silver. The latter would be ironically cheap, with a gold/silver ratio of 200.
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*I’ve not watched. I do agree with the notion of recession, and its why I’m net bearish equities into the Fall.
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The Celente… as golden and furious, as ever.
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Crypto land
… I hold from $2.11. I still think a burst to around $2.60 appears due. That’d make for a 24% gain, but Coinbase (buy+sell) commissions + spread is 4%, so maybe net 20%. The trade is more for ‘experience’ than anything, as its only the second crypto trade I’ve ever done.
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Last evening… I didn’t watch anything. Instead… I fell asleep, and dreamed of my grandmother’s house in Penzance… just two minutes walk from the Promenade. With thick granite walls, as a child, I always viewed it as a castle. Almost all of my childhood holidays were spent there, and I even lived there for a year… back in 85/86.
In my dream it’d been empty for maybe twenty years. I thought ‘why not just stay?’. I woke up content, something I’ve not felt in many years.
Its been almost ten years since I traveled outside the city. Unless my situation improves soon, the only place I’ll be traveling to is the grave, but that’d be an improvement on the nightmare I currently exist within. One way or another, the life I have is coming to an end.
Hell, I don’t even know what to do this night. Andor season’2, Better Call Saul season’5, or just… extra sleep?
Goodnight from London