I have been waiting the better part of a lifetime for this. I’m from Boston, love the Patriots and Red Sox and until today, like the Bruins well enough I guess. But now, I have some ghosts from the past to vanquish. Rangers and Bruins finally meet in the playoffs. Disclosure: I am not a NY sports fan at all. Absolutely hate the Jets, Giants and especially the Yankees. But somehow through a quirk of nature I became a life-long Ranger fan. LET’S GO RANGERS!!
What would you call this, punk? Hard rock? I am not sure, but it is fun to play because it’s big, dumb and loud. In honor of our hero:
“He’s a hero on TV… with zero right to be”
“It’s a hasty remedy…”
“Guys with alibis tellin’ lies”
“…this bullshit you’ve been fed”
Chris: Bass, Vocal, Jim: Rhythm guitar, Backing Voc, Gary: Lead & Rhythm guitar, Scott: Drums
Well, yes I do. There has been a blemish on my market trading record over the last 1.5 years and I do mind it. Dear talent scouts who avidly read this site (ha ha ha), please discover us. I don’t want to do this anymore.
Blemish by the Redeemers
Chris: Vox & Bass, Jim: Lead & Rhythm Guitar, Gary: Rhythm Guitar, Scott: drums
The mix is not finished, but I thought we could all use some rock music to end another fun week in the loony bin.
Have a good weekend.
e = external link
“The Big Easy” Jeffrey Gundlach 3.6.13 e
Another Wall Street Whistleblower Gets Reamed Matt Taibbi 3.6.13
New York’s Homelessness Worst Since Great Depression Zero Hedge 3.6.13 e
New All-Time High for DJIA B.I.G. 3.6.13 e
FRED Economic Data Calendar St. Louis Fed 3.6.13 e
Dow the ‘New Safe Haven’ Play MarketWatch 3.6.13 e, all part of the process
Here is a simply beautiful chart from NFTRH 227. It shows that the current rally, while stretched price-wise, may have more time before it rolls over for real.
Was this week’s down spike all the market needed to refuel for fresh upside? I am not nearly convinced, but we’ll know shortly. Here is a weekly chart we have been using that clearly shows uninterrupted higher highs and higher lows, which by definition have kept the bull in force since early 2009.
A decline to another ‘higher low’ would be the healthy thing for SPX to do, as it would purge the momo’s for a run to upside measured targets. Does the market care about healthy or is a Bernanke-fueled bubble about to foment?
NFTRH 226: “Want to bet that each of these pictures improved on last week’s wipeout?”
Well look at those large spec’s shorting gold. Look at the commercials covering. And some pretty big price damage happened subsequent to this data release so we might surmise that the CoT improved even more over the last few days.