Here are a few updated charts of interest from Slope’s wonderful economic database.
Here is the labor participation rate, which in my opinion illustrates the actual unemployment rate is 35%, since that’s the portion of the adult population that isn’t working, for whatever reason.
Let’s tackle a big subject today, which is how to live our lives thoughtfully. I’ve been giving this some thought and would like to share them with you on this Presidents’ Day. Forgive its length, but, c’mon, the market is closed, so what else are you gonna do?
One of my favorite songs of all time:
I trust everyone is having a good long weekend. Let’s take a look at some major U.S. cash index charts.
First up is the NASDAQ Composite. My spidey sense is that we are going to break below that range before this month is over, which should set off a handsome sell-offf.
Below are the positions in the second of my two “all shorts” portfolios. As always, click on any chart for a much bigger version, and note that dashed red line represents my stop-loss price.
Arm Holdings should honor its massive topping pattern, since all three prior patterns (puny in comparison) performed great.
