Patience is the single most difficult skill to master for investing well. Too, the most impactful.
Position sizing trails patience. The more patience, the largera a position can be.
One must not mistake patience for foolhardiness.
A hardy fool is just a hardy fool.
Natural Gas is entering a historically strong seasonal stretch.
Since 1985, holding only from TDY 139 through TDY 196 turned $1 into $44.86.
For 2026, that window runs from July 16 through October 6.
Read full analysis: https://t.co/0JRHYTSrAh
@CyclesFan I think it will bounce in the short term but longer term still down. The channels are 3 std deviations based on centered moving averages. The 40 week is the external and the 40 day is the internal channel.
Parting Shot: update to May 17 "throw-over" chart post.
The picture remains the same when using a log scale. A push back down into the 6350 - 7080 range basis June SPs would suggest the mother of all bull traps.
DB: The S&P 500 has risen at a historic pace over the past two months.
Such rapid gains are typically seen following a recession or before the market crash of 1987. @soberlook
https://t.co/EGLX7QmA3x
Back in the 1960s there was a company called National Video. They made color television picture tubes, and were the first to produce a 23-inch rectangular color TV picture tube. It quickly became the industry standard, and every major TV set producer scrambled to get their hands on National Video’s picture tubes. They literally couldn’t make them fast enough.
The stock went from a low of 15 in 1964 to a peak of 120 in October 1965. The final 70 points came in just the last few months.
Eventually, though, the Motorola’s and Zenith’s of the world produced their own color TV picture tubes. They didn’t need National Video’s any longer.
The stock went from 120 to a low of 40 in 1966, 15 in 1967, and then to zero in 1968 as the company went bankrupt. The poor thing couldn’t even make it to the Go-Go years.
In those days, Mueller and Company produced tick volume charts. National Video’s chart depicted the stock going from Northwest to Southeast in a straight line while the tick volume line went straight up.
The stock was a fundamental short. In those days, short sales could only be executed on an uptick. Which meant the whole world was always offered up an eighth.
Oh, National Video’s ticker symbol? NVD.A.
This story is true, but any resemblance to any other companies is purely coincidental.
BTW, gaining exposure to commodities does NOT have to be complicated. How about 25% in the four major areas: Base metals, precious metals, energy, and ag? Food for thought. $DBB $DBP, $DBE, $DBA
The S&P 500 $SPY recovered from a 9% pullback in under 3 months. It hit a new high with few of its stocks participating (net new highs or above moving averages).
There has been only one precedent since 1928.
People tend to take this kind of thing waaaay too far. Still...noted.
@CyclesFan To be honest, the magnitude of this rally caught me by surprise, but I do also see the late June/early-July timeframe as an infection point.
Intermediate term the pressure is 'up', short term it is 'extended'
@DExpo2007@CyclesFan I can give you from 2022 to now. This is not a buy and hold system nor what I posted implies buy/sell. It's all about probabilities.