UNG 60 - Resistance around 7 dollars.  Would be helpful to close above 7 and moving averages to cross.

EYE

BABA

Broke the wedge

Apartment-Building Sales Drop the Most in 14 Years. 74% decline from same quarter a year earlier.  - WSJ

Someone Is Going To Be Wrong

For investors, the challenge will be discerning who is right or wrong.

If the analysts are correct, earnings have likely troughed, and stock prices will rise into 2023. Such will mark the bottom of the “bear market”as of October 2022. If incorrect, the economy will slow as a recession sets in, earnings will decline as unemployment rises, and stock prices will fall further.  Since the LEI index has a high correlation to the change in economic growth and earnings, we need to pay attention to it for positive changes.

!MCOSIRDOW   !MCOSIRSPX

Leading Indicators Warn Of Recession

However, it isn’t just the yield curve indicator we are watching but also the Leading Economic Index (LEI), particularly its 6-month rate of change. As a recession indicator, the LEI has a flawless track record of warning of impending downturns.

Went to buy SDS earlier today as a hedge and by accident bought SSD at 107. Nice when the mistakes work out.

LOVE Daily

NFLX moving up.

LLY

Saint Louis Fed President James Bullard (not a voting FOMC member) says "Continued appropriate macroprudential policy  can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflation, he said."

USB tanking.

Wow.  VNO is getting down to the 2009 and 1999 levels.  Someday they will present great buying opportunities. 

      GameStop Corp. shares surged 34% to $23.60 in aftermarket trading Tuesday as it swung to a profit in the latest quarter.    

The videogame retailer posted net income of $48.2 million in the fourth quarter ended Jan. 28 compared to a loss of $147.5 million a year earlier. Sales declined to $2.23  billion compared to $2.25 billion in the prior year-period.    

IVDA  GOEV

AI breaking out.

The crude OVX signal worked out nicely.   :-)