Posted by DigiNomad on 20th of May 2024 at 05:32 pm
Inflationary market melt-up like hasn't been seen in the United
States maybe ever is starting to be the base case I'm hearing on TV
and FinTwit. Suddenly I'm not alone! It was a little lonely there
for a while, now most of the birds seem to be chirping my tune
The way these cycles work is that once the majority figure
out what's going on (that they are chasing inflationary assets to
protect themselves from debasement and the other stories about
earnings and AI are mostly nonsense in comparison) then the
parabolic move really gets started as everyone panics in as fast as
they can.
Posted by DigiNomad on 20th of May 2024 at 04:47 pm
The silly part about that is that it doesn't even look great
using the inflation numbers from the gov...which most undertand are
not "real"...pun intended. They're essentially trying to tell
you that the market has performed X relative to inflation which
they measure as (Y minus all the shit you really need and use in
real life). There's a picture of the full equation in the
dictionary next to "gaslighting" if you're interested. If you look
at purchasing power adjusted, it's much worse....and even that is
still with Gov numbers which can't be taken too seriously.
I've even heard Fed Governors admit during interviews that
Gov inflation numbers are problematic. One I'm thinking of in
particular, when the interviewer asked him "then why do we still
pay attention to the Gov data?", he answered "What choice do we
have?" ...and that was a Fed Governor.
If you really think that the market has done that well in
real terms over the last 4 years, I have some ocean front property
in Nevada I think you might be interested in. I'll give you a great
deal.
Posted by mschwand on 20th of May 2024 at 04:26 pm
ATHs inflation adjusted. Getting more attention in the press
recently, maybe since we're now just flirting with them. This is
from Forbes, and I believe Mike Wilson was recently discussing.
CLSK - Chart Link-nice move so far, this is a
weekly - the bull case is another wave higher for that wave 5. I
bought a little last week and this morning
MSTR - Chart Link- this one of course from the
watchlist last week been very nice
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MTA
Posted by matt on 20th of May 2024 at 05:39 pm
MTA - Chart Link- another precious metal stock
SLI nice flag
Posted by matt on 20th of May 2024 at 05:38 pm
SLI - Chart Link-
SSRM, ASM follow up
Posted by matt on 20th of May 2024 at 05:38 pm
SSRM - Chart Link- new one I gave yesterday in newsletter that hadn't broken out
ASM - Chart Link- followed through, one from weekend
Inflationary market melt-up like hasn't
Posted by DigiNomad on 20th of May 2024 at 05:32 pm
Inflationary market melt-up like hasn't been seen in the United States maybe ever is starting to be the base case I'm hearing on TV and FinTwit. Suddenly I'm not alone! It was a little lonely there for a while, now most of the birds seem to be chirping my tune
The way these cycles work is that once the majority figure out what's going on (that they are chasing inflationary assets to protect themselves from debasement and the other stories about earnings and AI are mostly nonsense in comparison) then the parabolic move really gets started as everyone panics in as fast as they can.
JPM closing price looks wrong
STS tables updated, emails sent
Posted by mastermind on 20th of May 2024 at 05:12 pm
JPM closing price looks wrong on the STS tables. I think it already stopped out today.
Bitcoin 4hr
Posted by matt on 20th of May 2024 at 05:09 pm
$BTCUSD - Chart Link- little supply zone in here were price pulled back from
The silly part about that
ATHs inflation adjusted. Getting more attention in the press recently, ...
Posted by DigiNomad on 20th of May 2024 at 04:47 pm
The silly part about that is that it doesn't even look great using the inflation numbers from the gov...which most undertand are not "real"...pun intended. They're essentially trying to tell you that the market has performed X relative to inflation which they measure as (Y minus all the shit you really need and use in real life). There's a picture of the full equation in the dictionary next to "gaslighting" if you're interested. If you look at purchasing power adjusted, it's much worse....and even that is still with Gov numbers which can't be taken too seriously.
I've even heard Fed Governors admit during interviews that Gov inflation numbers are problematic. One I'm thinking of in particular, when the interviewer asked him "then why do we still pay attention to the Gov data?", he answered "What choice do we have?" ...and that was a Fed Governor.
If you really think that the market has done that well in real terms over the last 4 years, I have some ocean front property in Nevada I think you might be interested in. I'll give you a great deal.
ATHs inflation adjusted. Getting more
Posted by mschwand on 20th of May 2024 at 04:26 pm
ATHs inflation adjusted. Getting more attention in the press recently, maybe since we're now just flirting with them. This is from Forbes, and I believe Mike Wilson was recently discussing.
STS tables updated, emails sent
Posted by matt on 20th of May 2024 at 04:25 pm
move those babies (stops) up!
https://breakpointtrades.com/sts_table/?search=BPT_basket
USAU - that one went
USAU -wow
Posted by elementsix on 20th of May 2024 at 04:13 pm
USAU - that one went hypodermic!
COF testing support
COF a little precarious
Posted by foody518 on 20th of May 2024 at 04:13 pm
COF testing support
GME/AMC making a little late
Posted by mastermind on 20th of May 2024 at 03:54 pm
GME/AMC making a little late day run.
ETherium
Posted by matt on 20th of May 2024 at 03:53 pm
ETHE - Chart Link of course massive move in Ethereum, discussed that on the weekend
$ETHUSD - Chart Link-
ROKU .... Tivo looks weak
Posted by mla127 on 20th of May 2024 at 03:47 pm
ROKU .... Tivo looks weak here
ANF
ANF ...
Posted by mla127 on 20th of May 2024 at 03:44 pm
ANF
Nice pop!
ETHE daily didnt see this until now , doh!
Posted by morton7 on 20th of May 2024 at 03:27 pm
Nice pop!
SOUN Updated
Posted by steve on 20th of May 2024 at 03:26 pm
SOUN - Chart Link - held 9 day EMA and bounced.
VIX 2hr
Posted by matt on 20th of May 2024 at 03:16 pm
$VIX - Chart Link- the bounce stalled at the steep downtrend channel earlier
however that channel and divergence is still something to monitor
GDXJ, PAAS
Posted by matt on 20th of May 2024 at 03:14 pm
GDXJ - Chart Link- testing the underside of that supply zone
PAAS - Chart Link- testing a supply zone, otherwise the larger supply zone over time is well above
CLSK, MSTR very nice
Posted by matt on 20th of May 2024 at 03:09 pm
CLSK - Chart Link-nice move so far, this is a weekly - the bull case is another wave higher for that wave 5. I bought a little last week and this morning
MSTR - Chart Link- this one of course from the watchlist last week been very nice