charles.fletcher.us

charles.fletcher.us Updated 

I happened to notice quite a few mentions of $LINK in my #fintwit feed. I'd never looked at it as I'm not a crypto devotee. Aside from the high probability short term move this isn't my market of choice, so take this with more than a few grains of salt. However, with very little else in the way of information flow classic TA is pretty instructive as to...

charles.fletcher.us

Back and forth action as we digest the machinations of the oil market, and some slight weakness mid-day today with news that Gilead's remdesivir flops in first trial. It's interesting to see the broken wedge acting as resistance, but the 20-moving average on the day is acting as support. Still watching to see how this plays out, with a bearish bias.

charles.fletcher.us

So I haven't had any faith in this rally, as it feels like a bear market rally in earnest. Upon investigation, there has been solid evidence of this, not to mention that economies are melting down while the Fed claims to have unlimited water. Don't fight the Fed? Well, let's just see how this goes...