DOG, the inverse Dow30 ETF bull flag/wedge look, SDOW has the same look

thanks for continuing to show the NYSI 9 EMA crossover. Happy to have some short/inverse positions held for potentially longer term and not stressing about picking the precise interim tops and bottoms

Steve and I are going to put a virtual tip jar in each newsletter LOL

Thanks Morton 

Tuesday Newsletter

here come the layoffs....

yeah well, the whole tipping thing is just beyond out of control

https://www.theguardian.com/commentisfree/2023/aug/16/tipping-culture-in-the-us-is-out-of-control-were-even-asked-to-tip-self-checkouts 

yeah INTC been gawd awful - there's some demand support between 26.6 - 29, but that's just a hairs breath away from the 2022 lows 

!GT20SPX - Chart Link- that scenario I postulated about 2 weeks ago where this would bounce up from the lows #1 and make a lower high then come down again and make a better low #2 may play out

$NYSI - Chart Link- as I commented last week and Monday, this barely budged at all on last week's bounce and Monday's bounce - basically didn't even try to bounce, showing the potential for more weakness

Don't get used to this rare look. It's not like someone took the keys to the money printer away from Janet   

And if JPOW is doing some last minute juggling with the FOMC language for tomorrow when it comes to QT, I think this will give him a push in the QE direction (starting with the end of QT). Lowering his rate wouldn't do anything at this point anyway - he doesn't set the long rates. But if they stop selling assets, including long end bonds...that will do something.

That target better hold....looks like waterfall territory below that. 

SBUX bearish roadmap scenario

Getting destroyed after hours.....it's tough trading whilst in Hawaii, I just can't do that 3AM thing anymore.    

Seriously. I stopped going when my go to drink hit $8 dollars....$9 with tip...and I even felt guilty because a $1 dollar tip was a low % of the total cost. Screw that. Hello 7/11. 

I’ll be at The Reserve Bar with my $11 Latte…geez…lol

INTC down 31% on the month...had to go back to the early 2000s tech bubble bust to find a worse month for it. 

nice going Steve!! I hemhawed between long or short and then i saw your post, thx.