Looking ahead

US equities battled upward for a second day, the SPX settling +47pts (1.0%) to 4696. Meanwhile, WTIC settled +$1.64 (2.3%) to $72.76.

sp’weekly1b

WTIC daily

Summary

sp: As things are, we’re very significantly net higher for the week by +75pts (1.6%). Momentum is ticking upward, and offers to turn positive within 1-2 weeks. First major resistance is the upper bollinger at 4764.

wtic: oil climbed with the main market, printing $73.03, which is a considerable move from Monday’s $66.12. Next resistance 74/75s, and I’d note the 50dma in the $76s. Psy’ $80 looks a stretch before year end. Regardless of how 2021 settles, giant psy’ $100 is a valid target into spring 2022.

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Looking ahead

Thursday will see Weekly jobs, pers’ income/outlays, durable goods orders, new home sales, consumer sent’

As it will be the lead into Christmas, and a three day weekend, expect considerable chop on very light vol’.
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PF chart of the day

Computer holds a very bullish target of the $69s

Mosaic, monthly


Note December floored from around the monthly 10MA. Soft target are the recent $43s, and then the 2015 $47s. I hold from $35.18.
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Final note

The day began with Twitter pushing its propaganda…


.. as the PCR tests continue to be misused.


Ohh yeah, the WEF, the ‘you’ll own nothing and be happy’ organisation. The plan for a dystopian communist hell is literally being rubbed in the faces of the sheep/serfs, with the mainstream media (inc’ Twitter) all pushing it.
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… and I fiercely stand by that, not least when I see the following  pro-segregation insanity from a European airline CEO…

I see that guy as nothing less than a segregationist, who should be treated as such until his dying day.
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The Dore calling out the lies of Fauci. Someone is out there is scripting a movie on this guy.
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Always good work from Heyling and Weinstein.
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Chatter from the Irish guy

I can’t recommend the above enough, as he summarises the situation perfectly.
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Today was a rather nice day, not least with the first sunshine in ten days.

Yours truly picked up CFVI and XOM today, along with adding to BAC, UEC, and RIG.

CFVI is especially catching my interest, as it recently bought Rumble.com. Rumble recently affirmed its political neutrality, and said it is open to work with Trump’s Truth Social.

Further, there is increasing background chatter on how Rumble is the key alternative to Google/Youtube. Jimmy Dore himself has noted how he is more free to speak, and derive an income from streaming on Rumble.

In addition to being a part owner of Rumble, yours truly needs to get around to registering an account on Rumble, and learn how to stream a chart show.

Goodnight from London