3309 Drysdale Ct
Edwardsville, IL 62025
Having an EV as one's only car could certainly be a challenge,
depending on where you live, where you work, how much you drive,
charging infrastructure, etc. Having an EV in addition to a
gas-powered vehicle is pretty sweet. For the majority of the
population, recharging at home at night isn't an issue.
Regarding the grid, this is where I work. The main issue
is peak demand. There's a lot of available capacity, but not
during hours of peak consumption. And no utility wants to
invest capital in adding capacity when it's only needed for a small
fraction of the day. Load shifting and increasing storage
capacity can help solve this issue.
Matt & Steve talk about how the next bull market will be led
by companies/industries different from those that led this bull
market. I agree, and there's a very good chance that green
energy, energy efficiency, decarbonization will be part of those
leading segments. Massive investment already taking place.
Sounds more like the manufacturers screwing things up for
themselves. People looking to purchase EVs will lean towards
the mfgs that didn't jack up their prices to grab the incentives,
or at least don't do it that blatantly. I do a lot of work
with utilities and market incentive programs. They can be
valuable tools for moving markets in a particular direction.
The market will give priority to the vendors that give them
the most bang for the buck. Ford and GM just created
headwinds for themselves. But they've been so far behind in
the EV movement, I'm not surprised that they continue to have
Row 29 of the table shows the open trade.
I don't trade the systems, but I do use them as a reliable
barometer. When the systems are long (e.g., the current bear
long), I trade long; when the systems are short, I trade short.
With a day job, I realized a while back that anything that's
counter to where the systems are pointing has to be a smash 'n grab
burglary - in and out quickly, otherwise profits often turn to
Short squeeze on VERU, also. Up 45% currently.
Reversion trade for NVTA (posted yesterday) is working out
very well this mornnng. Down almost 50% currently.
NVTA, up 175% today. Daily and 15min charts.
Possible reversion to mean trade.
Agreed. Focus is the key to success. Let's stay
focused on trading.
Taking a starter position in miners - SILJ, GDXJ and few
individual stocks. Sitting at support; stops a little below
Well said on that last part. I've found that when talking
to people face to face, our actual differences are orders of
magnitude smaller than the perceived and manufactured
differences that are cartoonishly amplified by media. And we
talk about them in ways that are orders of magnitude more
constructive than the talking heads on TV, Twitter, etc.
Definitely hitting first-time buyers hard; less so for other
market segments where more equity comes into play. Rates
still impact, but less so. The market for more expensive
homes in the northwest is still very hot, though there are signs of
cooling. Not uncommon for nicer homes ($800K - $1.2M) to sell
for 15-20% over asking, all cash.
article on CNBC:
"Supply is leanest on the lower end
of the market, which is likely why activity there continues to be
weaker than on the higher end. Sales of homes priced between
$100,000 and $250,000 dropped 27% from a year ago. Sales of homes
priced between $750,000 and $1 million were up 26%. Sales of homes
priced above $1 million surged 22% year over year.
Homes are selling quickly, however.
Houses stayed on the market an average of just 16 days, the lowest
on record for the Realtors.
All-cash sales were still elevated at 25% of all
sales. Investors made up 16% of all transactions, down
slightly from April and from a year ago.
First-time buyers made up just 27% of
all transactions, down from 31% a year ago. Affordability is
clearly hitting them hardest, as rents are rising as well."
A lot of interesting angles to all of this; too many for a blog
post. But real demand destruction is likely lower as many of
those households already have a house and mortgage. 6% is
obviously high in recent context, but historically not so much.
It will be interesting to see how the market adjusts.
My realtor was saying folks are starting to downsize
expectations - they're still committed to getting a house, but
going down in price range to make it work. Too early to tell
if that's a reaction or a trend.
Best thing to do near-term would be to immediately roll back the
previous administration's cap on mortgage interest deductions and
state/local tax deductions. It may be the only opportunity
for relief as rates aren't coming down any time soon. Either
way, I won't be voting for JPOW for President; the Fed totally fell
asleep at the wheel.
They're talking about the treatment, Paxlovid, which was in
trial; this is not the vaccine.
SPX 60 min w/ bullish descending broadening wedge. With
that in mind, I closed out a UVXY position when SPX hit yesterday's
ZH... not really news. As a friendly fyi, COVID vaccines
don't prevent an infection, only mitigate symptoms, viral load and
potential for forward transmission. There are a lot of
vaccinated people who have had the virus. Now back to my
regularly scheduled chart watching. :-)
FSM looking interesting here. Held up well while Silver
putted about this week and bounced up off 9EMA. Inverse
H&S and falling wedge w/ MACD divergence. Taking a half
position with stop below previous low.
As someone else noted a while ago, interesting how news and
technical sometime align....
KL - gold stock. Strong day despite gold being down.
Picked it up yesterday prior to close. Today, blasted
up through the 9, 20, 50 and 200. Currently at $40.80.
H&S pattern target would be $56.
GME - pulled back to the 9 on the daily which, during
those explosive moves up, has acted as strong support. Also
coiling on the hourly. Not in it tho may pick up a small
position before close.
CAN - so far, can't; but trying to push over resistance...
No doubt. The /wsb autists are probably making UNG memes
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