Last year $50K worth of lumber can build 10 houses. today can build 2 1/2. next year property tax revenue should be good for our local government on investing side of thing, GOLD and Bit coins are no match to lumber in last 90 days.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
spy is backtesting the box that we just broke above on friday
and with a two-day double top and lower low it doesn’t look good for bulls …. we’ll see...
qqq shows a bit of a bearish-island-gap on this 30min, but not on the daily
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
My larger channel is a bit raggedy but I got to live with it. Three touches both sides but big problem us the traders on the other side of the Atlantic are done for the day so timing is about right for a bust out to the upside and the afternoon grind up.
Guess the low was in for today, it's just a range day.
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IPO is the symbol for the most recently listed IPOs
Jason thinks the IPO bubble has popped.
The daily chart shows a few cockroaches below the 200sma, and a bearish-island gap. https://www.sentimentrader.com/blog/thi ... 1366687428
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The rebound probably will be sold, might safe to say this bear shall have legs.
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Edit:SPX classic, Sell triggered. I missed today's last run down, but what I was hoping to see is in play. it will fall under its own weight. well, in a bulls market it is hard to stay in and a Bear market it is hard to stay out. for that the dip buyer will be hard to stay out be warned!
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Direxion has filed with the SEC to IPO a couple of 2x leveraged Clean Energy ETFs, long and short.
They will tracks the “S&P Global Clean Energy Index”
They may be called "Direxion Daily Global Clean Energy Bull 2x” and "Direxion Daily Global Clean Energy Bear 2x”
They are now in the SEC “quiet period”. PLEASE POST IF YOU SEE NEWS THAT GIVES DATES FOR THE NEW ETFs
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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