Equities saw a positive Thursday, SPX +37pts (0.5%) to 6913.
sp’weekly1b
Summary
SPX: as things are, we’re net lower for the week by -26pts (0.4%). The current candle is a bullish hammer, and its also a hollow red reversal… both of which lean bullish for next week. Upper bollinger is offering 7022.
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Stock of the day
INTC, daily
Intel printed a new multi-year high of $54.60, and settling +0.1% to $54.32
EARNINGS in AH: EPS 15cents vs 8est. Rev’ y/y -4.0% to $13.67bn to 13.37est.
INTC, monthly
INTC, PF
Computer has a bullish target of $66, which looks realistic in February
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Looking ahead
Friday will see PMI comp’, consumer sent’, leading indicators.
Earnings: $SLB $ERIC $WBS $FCNCA $BAH $CMA
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Final note
*I’ve not watched.
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… as even if the mortgage payments don’t go up, there is insurance, property taxes, or even the HOA fees.
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*I’ve not watched, but the ‘great replacement’ is an issue, one especially for the UK and mainland Europe.
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Two great Americans, with an especially furious Celente!
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The sickness of the UAE, and Youtube ‘influencers’
I have been monitoring the UAE since the early 2000s, with the first talk of constructing the ‘Burj Dubai’. I kept up to date with hundreds of construction projects – via https://skyscraperpage.com
Whilst the 2008 GFC caused delays, most of the projects were completed.
Truly amazing work… but yeah, I was aware of the stories of horrific working and living conditions.
It was once again ‘The time of the Pharaohs’. The hyper rich, and a giant slave class… mostly imported via Asia.
If you watch the video above… well, I won’t need to repeat what you’ve watched.
Suffice to add… its another reminder of the sick society/species we exist within. The western political class are perfectly fine with the way things are, and continue to do business with regimes who have a barbaric mindset that belongs thousands of years in the past.
Perhaps most sickening of all….the Youtube ‘influencers’, whom I’ve long deemed as ‘internet cancer’. They are to be seen as vapid promoters, who care nothing about ethics. Its all about garnering attention/views, and most of all… money. They’re going to hell. All of them.
The one positive… there are still people producing independent content, highlighting the reality of horror.
Goodnight from London
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