BT 5, September 9, 2019

MarketSmith charts, Status quo

https://marketsmith.investors.com/mstool/Tool/ChartPopout?symbol=SPY&userId=292195381259781

Here was my take from 8/5/19 “SPY gapped down, 2.5x normal volume, China said stopped buying ag from America, devalued yuan, reason doesn’t matter. Watch rally, 50-dma is at 292. My guess is volume will be light, close the gap.

Bottom line—3800+ days, market is old, tired, steroids of Fed and tax cuts, buybacks and earnings not working. It’s just time, stocks are going down.”

I think this still stands. This week is always slow, with many traders/investors escaping for Labor Day. The pattern remains, however, down days volume is largely heavier than up days, thus still seems tired.

Barron’s, August 26, 2019, by Lewis Braham

https://www.barrons.com/articles/investing-in-cryptocurrency-is-risky-this-fund-is-just-a-bad-idea-51566600732

https://marketsmith.investors.com/mstool/Tool/ChartPopout?symbol=GBTC&userId=292195381259781

Lewis highlights ETHE and GBTC. I confess I did like the Grayscale Bitcoin Trust/GBTC chart. As he points out the ETF shares have traded at an average 43% premium overall. This makes it off limits in my opinion. Two ways of getting whipsawed indeed.

Comedian Gary Gulman, Bill Gates vs. Donald Trump

https://www.youtube.com/watch?v=A1hP9M0MNdo

Nothing political, just funny, please enjoy!