The DOL reported: In the week ending June 25, the advance figure for seasonally adjusted initial claims was 231,000, a…
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Personal Income increased 0.5% in May; Spending increased 0.2%
The BEA released the Personal Income and Outlays report for May: Personal income increased $113.4 billion (0.5 percent) in May,…
Continue ReadingWe’re Probably Not in a Recession Right Now
You probably noticed that things are very weird right now. The stock market is imploding but the economic data is…
Continue ReadingThursday: Personal Income & Outlays, Unemployment Claims, Chicago PMI
Thursday:• Early, Census Bureau to Release Vintage 2021 Population Estimates (this might be delayed) • At 8:30 AM, The initial…
Continue ReadingIsn’t That Beautiful?
Yes, Technical Analysis can be (very) subjective at times. Different (types of) investors, interpret charts differently. And also Yes, more…
Continue ReadingMish’s Daily: Post PCE — What is the Pre-PCE Market Saying?
Stocks are primarily unchanged or trading slightly higher as pressures from rising food and energy prices persist. As I reiterate,…
Continue ReadingThe Fine Art of Keeping Capital Out of Harm’s Way
On this week’s edition of Trading Simplified, Dave illustrates his methodology in action by showing why he avoided recent mystery charts…
Continue ReadingThe Ord Oracle June 28, 2022
SPX Monitoring Purposes: Long SPX on 5/31/22 at 4151.09. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX…
Continue ReadingUpdate: Framing Lumber Prices Down 21% Year-over-year; Still up Sharply from Pre-pandemic Levels
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through June 29th.…
Continue ReadingTwo ways to stop out of trades
The last few days have seen a bonanza of trading opportunities. Students of my mentorship program who followed my framework…
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