We start with a song. We sing for the bitcoin fools, "...And another one bites the dust..." This may not be the best holiday sentiment, but we do not like these condescending types. What we have learned in our life experience and history is good ideas get a spin by the crooked in society. The EPA is a perfect example. The idea was before climate worries. The legislature passing was to gain votes. The "teeth" of the bill is that it has no teeth. It gets worse. Any new administration can put in place their stooges. No real good gets done even with a good idea. Now, look at bitcoin. When governments like Red China use the idea, it is only to control people. Your money and financial future is under Big Brother. Forget that!
Thank God...
for our free open society. There is nothing more soothing than Christmas carols. It makes for brotherhood and to honor God. With that acknowledgment, it is time to look at the market. We told you that the falling of King Dollar has given the market breathing room. This is your rally to which we feel is just a bounce. What we saw last week was signs that the dollar formed resistance at 106. We see it poping up to around 110. This will cause a pullback in the market. However, the historical season rally should kick in after this dollar bounce. What we conclude from this sign is that the market is under
Divergence
There is no harmony among the indexes. Dr.Copper keeps attempting to form a new high, but a 40-year resistence level knocks it back. This does not bode well for commodities at the moment. If you look at the most important, oil, you see that it is testing its low around $77. If you look at the Baltic Dry Shipping Index, it is also testing its lows. On the flipside, the Bulls keep trying to push the market higher. They point to the falling dollar to gather others to join their effort. Please, do not fall for any meme stock. The shills will push firms like Coinbase. They say the price is great to get back into the stock. Dear Reader, the company will lose $2 billion this year and another billion next year. Don't be caught nurishing your beer with your head down and hearing from the juke box, "...And another one bites the dust..." Instead, seek friends and or family with a smile on your face and in your heart. Enjoy our great traditions and freedoms. HAPPY THANKSGIVING! PEACE!
