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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
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  • XLF Testing Trendline Support From 2009 Bottom

    The Financial sector has been out of the news for a while and broke above a downward trendline from the 2007 top earlier this year... but XLF is now testing support at its thrice-tested rising trend line from the 2009 bottom and 50 day moving average (after being rejected at the 200 day).

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: XLF
    Nov 15 3:29 PM | Link | Comment!
  • AMZN Testing Trend Line Support From 2009

    AMZN has had a great four years, and the future of its stock ascent may be on the line as trend line support dating back to 2009 is being tested:

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: AMZN
    Nov 15 2:52 PM | Link | Comment!
  • IYT Faces Resistance Cross-road

    Many economists like to look to Transports for a clue on the health of the broad economy. The Dow Jones Transports ETF (NYSEARCA:IYT) has rallied up to a clear resistance trend line that has been in place for the last two years. The broader pattern is a pennant, which is pretty neutral. A break higher for IYT would support the idea that markets are ready to rally into year end.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: IYT
    Nov 06 3:18 PM | Link | Comment!
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