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The blue trendline below is anchored to the March 13th low (the day that Yellen bailed out her banker friends, and continues to do to this day). We have tagged support and are seeing some strength here. Simply stated, maybe that’s all the selling we’re going to get, or maybe next week we snap this trendline and begin our trek toward 4300 on the /ES.
Below is TBT, the ultra-short against TLT, and it is doing PRECISELY what I predicted. This is a harbinger of much higher interest rates to come.
Powell has failed. He just doesn’t know it yet.
Eli Lilly came out with earnings this morning, thrusting the stock to yet another lifetime high, lifting it at this moment over $73 per share on this day alone. LLY is blessed to be in a nation with the most outrageous health care costs in the world, and it’s one of those stocks which hardly ever goes down (especially in recent years).
Freshworks (FRSH) looks like a not-so-bad bullish base.
Looks like it’s finally going to attempt to blow higher.
