Here are some stocks which until recently were money-printing machines but have turned into asset disintegrators. Given the size of these patterns, I would speculate that far lower prices are on the horizon.

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Here are some stocks which until recently were money-printing machines but have turned into asset disintegrators. Given the size of these patterns, I would speculate that far lower prices are on the horizon.

This is another rare post without charts from me, but I want to write some important posts about the prospects for US equities and oil prices over the summer and need to write a post first about the Iran peace process to refer back to as I write those.
Just to be clear, I am not talking in the title about the bumpy road behind us in the road to peace with Iran, I am talking about the bumpy road ahead as the peace process hopefully evolves from the Memorandum of Understanding (MOU) signed yesterday to a more permanent peace.
If you want to read about my thoughts earlier on in this peace process I wrote sections about this at the start of the following posts in March and April which weren’t that well received at the time, as I was suggesting the war was not going well for the US, but have aged well:
(more…)The pairs charts, or ratio charts, that I follow are favorites of mine, because they can provide insights that aren’t possible with simple single symbol charts. I have placed various thoughts about them in the caption area of each one.
