Apple (AAPL) has a history of sharp, parabolic price advances, followed by vertical collapses. Normal spacing between the tops runs…
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July 21 COVID-19 Test Results
The US is now reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingNew York City Subway Usage
Here is some interesting data on New York subway usage (HT BR). Click on graph for larger image. This graph…
Continue ReadingThoughts on CARES II: Additional Disaster Relief
A month ago I outlined a few key items for additional disaster relief. Time is running short. This morning, the…
Continue ReadingChicago Fed National Activity “Index Suggests Economic Growth Increased Further in June”
Note: This is a composite index of other data. From the Chicago Fed: Index Suggests Economic Growth Increased Further in…
Continue ReadingJuly 20 COVID-19 Test Results
The US is now reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingJunk Bonds – A Test of Resistance
With such divergence blaringly apparent in the market, I like to look at junk bonds. Junk bonds help us see…
Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Decreases for Fifth Straight Week to 7.80%” of Portfolio Volume
Note: To put these numbers in perspective, the MBA notes “For the week of March 2, only 0.25% of all…
Continue ReadingLawler: Serious Delinquency Rate on FHA-Insured SF Loans Surged in June
CR: Note that Lawler is discussing the sharp increase in serious delinquencies in June according to the Early Warning System.…
Continue ReadingXLB Is Picking Up More Strength As Sector Rotates Further Into Leading Quadrant, XLK Loses Relative Momentum Inside Weakening.
On the weekly Relative Rotation Graph for US sectors, there are five sectors rotating at the right hand side of…
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