The 2 year hit 5% this morning and rejected...for now. 

So... BTFD? 

EDZ - we've had an emerging markets perma bear among us this whole time and I never noticed it until today!!   

Stumped me and all my AI helpers with voldc. What is that? 

VOLD at -15 was not on my bingo card for today. Damn. 

CNBC - I just turned it on and Tom Lee says "this is a buy the dip market"  with a banner repeating it below him.  Of course. He's probably right. My base case is that he doesn't want to be called political so he hides the fact that he bases his calls on continued money printing. It all makes sense if that's his methodology. 

Lol - I knew it! Haha. 

I'm tempted to turn on CNBC for the last 30 minutes just to watch the perma bulls squirm a bit. They're probably in the big red banner with no commercial breaks stage by now. 

Yep, I think it will drive everything higher (the Gov reaction, not the war)

Hard to say on an exact 1st reaction basis, but there's no doubt they will take money printing from war time levels like we've been at for 3+ years now  to completely berserko mode if the war escalates.  That will inflate assets eventually simply because the currency will be worth less.  In the short term, this move was waiting for a trigger and got one. It could have been something else. We were due and it came along.  

We were overdue. The white MA is the 21 EMA. The gap / time between touches is an all time record....and it wasn't close to the next record.  We just happen to be debasing our currency at an all time record rate.  Here's where everyone says "yeah, but correlation isn't causation."     

Might be funny if you know a millennial. My brother is a classic millennial...so I totally get this :)

I don't get this post. Lol. I'm probably just having brain fart moment.. 

Rehab and flipping is a different game. Especially if you're in a place like the mid west and have a vertically integrated pipeline like that (even better if you have an RE Broker and a lender in your group).  My family and most of my clients are in SoCal and now Texas (chased out by pandemic). Trying to find a property where the numbers pencil in SoCal is tough...unless you're vertically integrated like that. 

The idea that real estate is a great investment is deeply ingrained in Americans...and probably most modern populations (it used to not be a thing in Japan  so much...for residential RE, but I believe that has changed).  It goes against programming so people get emotional when real estate investment is mentioned in a negative way.  It's one of our largest industries, all in (realtors, builders, lenders, Insurers, Title, Lawyers, Home Depot, Lowes, TILE, etc, etc.). To support the money train, they do everything they can to keep the dream deeply ingrained in culture (HGTV, flipping shows, etc). 

SPX 1hr - I watch a YouTube guy every night that repeats the same setups over and over and over again. Essentially, the anatomy of a trap...but he does it in the context of the current index charts.  When there's a lot of bearish momentum, he says the normal 2 try failure / trap patterns often requires 3...and the 3rd has to go lower than the previous 2. The trigger is the 1st green candle when the broken level is taken back.  It's setting up here. Trigger would be a solid green candle above 5139 ish (I think most people with standard setups wait for the break above 5156....but that's where I'll be looking to sell (if it triggers)

He uses tick charts...very short term, but it is fractal, IMO

I know - this is cutting edge, groundbreaking TA.

So Monday will be green? 

My 1st reaction is to advise people against real estate in general....especially residential. But, do you know the quickest way to lose a client, especially if it's a female or  a wife involved?  Advise that real estate isn't necessarily the bullet proof investment it's cracked up to be. Might as well say that white wedding dresses are inappropriate, drop the mike, and walk out the door.

SPY 2m, MACD Divergence

It's pretty when you draw it like that!  That's a work of art worthy of my bathroom   

Kanuk...istan. Our neighbors to the North.