PDD - I put this on my watchlist last night and gave it a color code meaning that I should add it ASAP.  Then I missed it. Damn!  Guess I don't have the luck of the Irish today (I think it's based in Ireland). 

GME - the degens are back! Nap time is over and looks like we're back to pumping trash. Buckle up! 

Yep, very slow moving but significant trends. Only the Gen X and above on here will likely remember how much Americans were envious of Japan in the early 90's. They were CRUSHING it all over the world and their kids seemed to be IDEAL - all of them were getting into ivy leagues and other American colleges. I remember many of us were wondering how it would be possible to compete with them...they were like robots. They played concert piano, violin, spoke multiple languages, got straight A's, took calc in elementary school, etc, etc.  So what was the outcome of that American envy? It spawned that generation to become the 1st generation of helicopter parents in America. A very Japanese style of parenting that everyone envied in the 80's and 90's.....but the American style was slightly different. They adopted the helicopter style but mostly left out the discipline. As a result, we got Millennials and Gen Z.   As it turns out, neither style of helicopter parenting turned out exceptionally. Trends matter. 

TLT -  starting to work.  Everything else from yesterday going according to plan.  Treasury told us they were going to embark on a massive buyback plan and the Fed said they are massively cutting asset sales.  DXY weakened. FXY strengthened. Bonds caught a bid. Sometimes it really is that obvious.  Will it last?  I'm sure Janet and JPOW have fingers crossed because everything that happened yesterday was specifically designed to rescue JPY (and other Asian currencies). 

I'm treating CCP stocks like heroine - it might be fun, but it's not worth it in the long run. I learned my lesson. Abundance mindset - there are plenty of opportunities every day without chasing communist country stocks. 

I've admittedly been an inflation hawk despite following a bunch of nerdy economic types that have been pounding the table for many months now about the fact that we don't have demand driven inflation.  Things are now starting to unfold the way the econ nerds predicted so I'm glad I didn't completely waste all those hours watching YouTube because it kept me balanced (I didn't go wild into energy names thinking oil was going to keep flying, etc, etc). I still blame it all on the Government. They caused the supply shocks  (unnecessarily, IMO....and I think many studies now back that up...because we need to study the obvious these days). And, if they didn't print so much money, the supply shocks would have mostly resulted in substitution instead of price inflation.

Anyway, the econ nerds don't see good things ahead.  Most of them say we're already in a recession and have been. Gov transfers are simply masking it. 

LPG has been nice. I took it early. Technically I probably should have waited for it to close above 42.70 ish. 

FXY - I don't have a Japanese wifey so I bought FXY calls instead.  My sister lives in Bangkok, but the THB is still at the bottom of crash range.

EEM chart looks great.  Close to breaking out of an 18 month base. I'm getting in at 42.20.  

IBKR - this is a good one with a banger of a chart and insane fundamentals. I've been waiting for a pullback but that ABC on the 2 hour that started on April 25th might be it for the time being. 

Althea with some explanation of the stealth easing today

TLT - Treasury announced a buy back today and bigger than even what was rumoured. I think it's kind of rude if I don't follow them in. Long TLT. 

I'm jealous of Buffet, as usual. He borrowed an insane amount in the Japanese system at near zero and invested it in assets. Most of us can't get loans at Japanese rates like he can. 

Internals still positive. Positive VOLD on NYSE and NQ and positive slope on AD line. But not as convincing now as it was earlier today (NYSE = 1.1)

Agree, but I've been waiting to really shift when the weekly index charts were at an attractive buy point. Otherwise, switching to a longer term strategy late in the cycle involves taking quite a bit of risk with stop levels (the end of cycles is characterized by increasing pattern failures until almost everything eventually fails...and I'm just talking about a normal corrective phase). Of course, I never dreamed I would be waiting so long.  Quantifying "late in the cycle" is a lot harder than it sounds. 

NYCB - up 28% today 

JPOW looking at dollar right now and wishing he would have been a tad more dovish! Lol.

Serious question: does anyone know of a very successful modern trader (e.g. not Jesse Livermore)....a market wizards type..that doesn't maintain both a macro and fundamental view as part of their process along with technical analysis?  My impression is that all the great traders, even most day traders, use both, but I'm not positive about that. 

Thanks. I love the index updates with annotations. By the end of a day like today, I have many many tabs open and am very happy about having 64GB of RAM on my laptops!

Shortages without printing would not lead to inflation - it would lead to substitution. All inflation is ultimately caused by the Gov (name the famous economist that said this  )

And I agree that the Fed does not control long term interest rates....until you start with YCC...massive QE.  Even then it's questionable because the numbers get so big. That's why every bail out is magnitudes larger than the last...because we print to get out instead of solving the underlying issues....then the next time we have reset price levels and have to print even more to have the same effects.