Numbers

- The grace of our Lord Jesus Christ be with you all. Amen.

- Revelations 22:21

Jackson Hole

The Fed now uses this vacation forum as a pulpit. It is coming, soon. They will use numbers to manipulate. No one will challenge their data. These banking criminals are treated like gods in the ancient world. We don't. The only numbers that are worthy of higher adulation are scripture verses. With that said, we will now take a look at the recent numbers in reports and the market.

INDU: The best days show that up volume is the strongest on a weekly chart, but the daily shows more strength on down days. This is slightly bullish.

SPX: The best volume day is up, but the price level (3808) is way below the current market = confusion.

Tran: Volume strength is decidedly downward. According to Dow Theory, both the industrials and transportation must be in harmony in a direction to determine where the market is heading. This says the market is lacking direction in one way or the other.

Compq: Has led the market up, but it appears to be leading it down. Volume strength is equal in both directions. However, high evaluations will test investors convictions. 

Dr. Copper: The need is there, but at the moment, the price is in a downtrend. Copper will find support at $3.20, but with inflation, the miners will not like that level. 

Gold: We told you that this is the season for metal. The best days in volume are up. At the moment, gold is retesting the support at $1900. We see gold hitting $2100 - very soon.

Oil: It is within reach of breaching its last high. It appears that $94 is the next resistance level. This will be inflationary, but the Fed does not include the most important commodity in its matrix. It is another reason why we say, "End the Fed!"

King $Dollar: It has resistance at 105 and support at 99. If it stays up, this will limit inflation, but if it declines, another wave of inflation will hit everyone.

Other Stats

Stats is the best way to use numbers to influence and manipulate. We like to look at the root of who is citing numbers and stats. Warren Buffett uses the Wilshire 5000 index and divides it by the annual US GDP. The result is not looking good.

Consumer credit card balances leaped over $one trillion. This is also not good. 

Auto makers cannot solve the electric weight solution. Car bloat is their problem. New vehicles average 4329 pounds. This is 1,000 pounds higher than 1980. Besides being dangerous for smaller autos, it uses too many resources and becomes too expensive. There are many other uses for numbers like the banking industry is setting aside big money numbers due to losses in loans and government notes. Climate numbers, food costs and housing all point to problems. The real question is what numbers get addressed?   Peace.