SPY Has Breached Ascending Triangle Pattern On Daily Chart and May Be Setting Up For A Bigger Fall

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by Beekeeper28173 Looking at a daily chart of SPY, the security has been in an ascending triangle pattern since the selloff in November. It bounced off the lower support yesterday before breaching it this morning. The average is currently trading just above support, but the price action seems tired. It has certainly not been positive … Read more

Some whale just yolo’d $70 mil on QQQ puts

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by peepeeECKSDEE On Feb 24th, 11:56:57 am, there was a block trade for the purchase of 79,000 $290 Puts and the sale of 79,000 $278 Puts. This was basically a long bear diagonal spread, the short leg puts expire earlier. A net debit of $70 mil was spent. Image below. What in gods name?! Imgur … Read more

JPMorgan advises clients to expose 1% of their portfolio to Bitcoin

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by ExcellentNoThankYou In a recent note to clients, strategists from JPMorgan (NYSE:JPM) suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined that Bitcoin could serve as a hedge against fluctuations from traditional assets like bonds, stocks, and commodities. However, they advised … Read more

The Cheapest Asset in the World

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by Jeff Clark, Senior Analyst, GoldSilver.com  Silver outperformed gold last year, and has so far this year, too. The gold-silver ratio has fallen from 123 last March to 64 today. Silver’s 12-month performance is also strong, up about 60% since last February 28. And yet, silver remains one of the most undervalued investments that can be … Read more

The Fed stops updating it just as its growth accelerates. What´s going on?

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The Fed stops updating it just as its growth accelerates. What´s going on?🤔 pic.twitter.com/oSq284MLKF — Antonio Pérez-Algás (@apanalis) February 26, 2021 The US broad money supply is now up $4 trillion vs. the same time a year ago. pic.twitter.com/O4XTl1vSZi — Win Smart, CFA (@WinfieldSmart) February 26, 2021 Fed has lost control of bond mkts – … Read more

AOC criticizes NYPD’s new robot dog

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Democrat firebrand Rep. Alexandria Ocasio-Cortez, D-N.Y., claimed that the New York City Police Department’s (NYPD) new robot dog is “being deployed for testing on low-income communities of color with under-resourced schools.” On Thursday, Ocasio-Cortez — a member of the left-wing “Squad” — blasted the NYPD’s new “Digidog” on Twitter two days after the cyber hound … Read more

BREAKING – A global outage affecting Visa and Mastercard

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OMMAOK: There is currently a global outage affecting Visa and Mastercard. https://t.co/snVio8t6Dj — Abraxas Labs LLC (@AbraxasLabs) February 26, 2021 https://downdetector.com/status/visa/ https://downdetector.com/status/mastercard/   Visa customers are reporting issues, primarily in the area of payment processing, with apparent spikes in Atlanta, New York and central Kansas, with 911 issues reported by 12:30 p.m. Mastercard customers are … Read more

The American credit score system has reached peak stupidity. Apparently you can pay money to raise your credit score now.

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by _Raspootin_ I just saw a commercial for Experian’s boost which is a product of theirs that raises your credit score by adding your bank account and things like utility bills being paid on that account will boost your score. https://www.cnbc.com/select/experian-boost-adds-hulu-disney-plus-hbo-starz-to-eligible-streaming-services/ Well now they have it where having a streaming service such as Netflix, Hulu, … Read more

Rand Paul destroys Joe Biden, owns Jen Psaki in a single Tweet about Syria

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I condemn meddling in Syria’s civil war. I also condemn attacking a sovereign nation without authority. What authority does @POTUS have to strike Syria? Perhaps someone should ask his @PressSec today? https://t.co/nLxbZNLx4J — Rand Paul (@RandPaul) February 26, 2021 Related: ALL HAIL PRESIDENT BOMBS-AWAY BIDEN! U.S. Carries Out Airstrike Against Iranian-Backed Militia Target in Syria. Bombing … Read more

This Isn’t Your Father’s Overvalued Market

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by John Mauldin Many analysts contend that current stock valuations resemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights… The classic “Buffett Indicator” certainly seems to be in nosebleed territory. Notice that the valuations in 1966, the beginning of a long-term bear market, were also high. Source: CurrentMarketValuation.com Then there is the ever-popular price-to-earnings ratio. … Read more

House Passes the Equality Act which Still Allows Discrimination

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by Martin Armstrong The House of Representatives passed legislation that prohibits discrimination on the basis of sex, sexual orientation, and gender identity, though it faces an uncertain future in the Senate. The legislation passed on a 224-204 vote which was mostly along with a party-line vote. Three Republicans voted with all Democrats.  The bill is one … Read more