Let the Waves Warsh Over You
The not-at-all-surprising announcement came that interest rates would remain untouched, and here are the initial reactions (note that, as of this composition, the press conference has not begun).
Crumbling Adobe
I guess this is the world’s revenge about overpriced subscriptions that are impossible to cancel: Adobe (ADBE) is trading now where it was in the year 2018, a full eight years ago, and it would need to go up 250% just to claw its way back to its peak price.
TA on the HUI Gold Bugs
The HUI Gold Bugs index is well along in its correction
In the precious metals, like other markets, I am usually focused on market internals, especially by way of ratio charts. I am into other aspects, especially about the macro environment in which a given sector or market exists. Indeed, the ratio and ‘internals’ charting helps define the top-down macro.
Preamble aside, I began as a regular chart guy. I learned about bull and bear flags, volume considerations, Heads & Shoulders, trend analysis (long ago did I learn that trend “lines” are not as important as TAs like to believe; it’s other trend measures like moving average trends and higher/lower highs/lows that matter), overbought/sold, support/resistance and so on.
(more…)Uh-Oh
