Recent content by ground zero

I just stated some facts that pertained to the thread headline, and didn't make any political comments because that's some other website. You've read to much of your own thoughts into my post and made incorrect assumptions. I've been a registered Independent all my 50 year voting life.

In Trump's first 3 years as Pres., he added a trillion a year to the national debt, 20% less than Obama, whose average per year was 1.25 trillion a year during his 8 years. Had it not been for covid, there's no obvious reason or need for Trump to spend more than he did his first 3 years, the...

I'll try to clarify. It is not that uncommon for a stock to close with an RSI above 80 in a market rally. AVGO, NVDA, META, and TSLA have all had at least several days with an RSI greater than 80 in the last 15 trading days, with TSLA being on a current run with 6 consecutive days at 86 or...

I'm kicking myself a little for not going short bigger on yesterday mornings open, (sqqq), when the RSI breached 80 on the qqq. Should have relied more on my data. Only once in the last 5 years, has a major ETF had a weekly closing RSI above 80, and that was SPY on August of 2020. Personally, I...

I wouldn't say crash, but over-due for a pull back. The Nasdaq comp is seriously overbought, just a breath away from stupid overbought. I can tell you this, that in the last 5 years of keeping detailed data I keep, the market has never been this overbought.

SVB 's CFO last job before joining SVB was CFO at Lehman before they went down the toilet. Wonder who he'll work for next. Probably get a government job.

First, I should say that I don't trade individual stocks. RSI indicators are my most valuable too, but not my only tool. The only charts I use regularly are trend channel charts. I almost exclusively trade index's and leveraged index's. I have 3 degree's of overbought. Overbought, moderately...

Hi Ken, I'm looking for another up week for the broader market. In the last year there have only been 3 instances where the broader market has had 2 up weeks in a row, all of which have been just prior too, or during earnings. Currently, the Dow is leading the market and has a RSI of 57. The...

Treasuries and the market were both moderately oversold, particularly the selloff in treasuries. The RSI for both were at 25. The technical trade and percentages for the market to go higher don't get much easier than that. I bought energy and the Dow at the open today and sold end of day. If you...

Actually, the headline is true. Household Assets and US Total National Assets have been in decline since the third week in December of 2021. From the week ending October 15, 2020, to the week ending December 18, 2021, HA and USTNA surged an eye popping 77% and 64%, respectively. A prime example...

Hi Ken, Actually, Tuesday two hours before the close was the optimal time to go short for a trade. RSI indicators were screaming overbought for 75% of the market. DIA, SPY, IYT, IWM, XLF, XLB, XLI, XLU, XLY, XLP, most having RSI in the 75 range. The last time the market was that technically...

I don't see a top, but I can definitively say the market as a whole hasn't been this overbought in the last 3 years, since I started keeping track of week ending RSI indicators. Just in the last month, the gains are as follows on these indexes, the DOW +4.5%, the QQQ +9.5%, SPY +7%, the RUSSEL...

Hi Nine Ender, First, I said "practically everything", not everything. Second, I'm talking about essentials and necessities, not about depreciating liabilities. My bad, I should have made that more clear.

Clinton had a budget surplus in only 1 year, his last. It was just creative accounting, because the money was spent elsewhere and not to reduce the National Debt. When he left office, the US National debt was 4.9 trillion. Handed off the Dotcom bubble to Bush Jr., who also had to deal with 911...

The perception that there is only 2% annual inflation does not hold water. If it did, that would mean there's has been only 42% inflation since 2000, plus some compounding. Since 2000, housing, rent, utility bills, all insurances, food, and practically everything else under the sun, has at very...