It was a mixed Tuesday in equity land, the SPX settling -0.8% to 5815.
sp’weekly1b
Summary
SPX: today saw a cooling wave… but the m/t trend remains bullish. The bears need a monthly close (to be decisive) <5300. Right now… that sure doesn’t look viable.
This week’s weekly candle would become bearish engulfing if we settle under last week’s open of 5737… which does look viable.
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Looking ahead
Wednesday will see Import prices, EIA Pet’
Earnings: $MS $ABT $USB $CFG $FHN $SYF $FCCO $PLD $OFG $AA $REXR $KMI $PPG $CSX $STLD $FR $HOMB $DFS $EFX
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Final note
Sachs remains one of the top tier guests out there. He is absolutely correct that we are on the precipice of something nuclear.
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More chatter on the middle east.
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‘… and as I have warned, a coordinated attack with China vs Taiwan, Russia takes out Kiev, and Iran sends troops to attack Israel, and you begin to see that these four powers can overwhelm Western forces.’ – Armstrong.
A very disturbing thing to contemplate.
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Mr Long is always recommended.
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X credits
Sitting in bed last night at 4am… having watched Breaking Bad, I booted up my email (I sleep 5am>12pm), and I had an odd email… an invoice from X Ads for $0.00. I check my account, and see I was billed for $50, but also credited with around $525.
I’ve been running various test ads on X since August, having spent around £200 ($250). I was aware of a summer offer that said I’d get credited $250 if I spent $250.
Instead… I’ve received double that amount, which I will spend on more tests. I have learned a lot since August, but I’ve yet to pick up a single subscriber* as a result of adverts.
*Ohh, I’ve picked up a few people in the last few months, but none were due to ads.
Anyway… I’ve a few more things to try across the remainder of the year. I’m honestly not hopeful though, with no realistic future beyond next summer. On that… I hope I’m wrong.
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Breaking Bad
Upon checking the credits… I see the first episode aired 2008, a distant sixteen years ago. That is indeed a long time to have waited, for what many have told me is one of the greatest shows.
Last night I watched the first two episodes. The end to 1×02 was pretty wild… with the bath tub!
I’m going to try to restrain myself to 1-2 episodes a day, and I guess I’ll get through the entire series within 4-5 weeks.
Goodnight from London
Yours… somewhat like Walter… running out of time.