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- Last Update: 25 February 2020, 21:37
General Market Commentary
Feb 24th Mon 12:45 pm > My charts did show the exact topping day of this broad market. Keeping it simple with trend lines and channels, resistance and support.. $SPX closed at support level 3225. The fast drop in the gold index today may signal the gold rally may be over for now... What goes up fast may come back down fast.
Feb 19th 2 pm > There is a divergence between the movement of the $BPSPX and the ! ! ! $SPX 6 mo daily solid line chart... However there is still a little wiggle room on the ! ! ! $SPX 6 Mo daily solid line chart. When it reaches the top on this chart along with the $COMP, a retracement may soon follow... Charts show a possible turn in Nat Gas. Careful...
Feb 19th Wed 10:30 am > My how time does fly, pushing toward March already. SPXL an a few blue chips not slowing down. SOXL, double top? I have added a couple of solar stocks to the list, but too pricey to buy now. FOMC meeting today.
Feb 21 st will be my 76th birthday for the old man... My mobility scooter arrived last Thurs. Pretty candy apple red with a 16 mile battery range on one charge. Amazing! Have a fine day!
Nancy and I are celebrating our 53rd wedding anniversary! And the old man being home from Nam 54 yrs ago. All a Blessing from God!
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
The gift of giving is good, the gift of learning is great.
Acts 20: 35. It is better to give than to receive. Wealth is good, health is better, and God is Great!
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