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Can The Upside Hold Up?
"News" is a misnomer or, at best, a partial truth. "News" is what Power decides that Civilians are permitted to hear, at the time that Power decides the Civilians can hear it. Three zillion blogs and Substacks notwithstanding, the majority of "news" remains consumed via a limited number of outlets in concentrated corporate ownership. We don't buy this recent "MSM" political meme - this is just how financial news has always been, since its very invention. So if you want to know what Power wants you to know, go ahead, read the news and react to it in your investing and trading.
Or use stock charts properly.
Charts aren't a crystal ball, but they most certainly are prisms of sorts. Peer at the light coming through, work out where the occultation took place and then try to see what may actually be going on in the halls of Power. This is what technical analysis is for. It is, for instance, why Bitcoin meandered sideways for a couple weeks (unusual in itself) looking for direction. Then dumped hard to spank the civilians. Then rocketed yesterday to give the good free markup money to the wise old hands buying off of the civilians at the recent lows.
And don't even get us started on that Burry business.
So Can The Moonage Hold Up?
As always, for our paying members, we now move on to walk you through our outlook for the Nasdaq, the S&P500, the Dow Jones and the Russell 2000, together with Bitcoin and Ether.
If you want real-time coverage of the indices, ahead-of-time Cestrian staff personal account trading plans for the Nasdaq, the S&P, the Dow and the Russell, together with disclosure alerts before staff personal accounts place trades in index ETFs? Then join our Inner Circle service. It’s our very best work, the work we use to invest and trade our own money. You can learn all about it here.
But now, for our Premium and Pro members of Market Insight, here goes with the charts.