Ricks Picks

Bogus Rally Unites Powell and Trump


Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be “patient.” (Now there’s a word that is history in the making!) AAPL’s and Boeing’s handlers had already gotten the jump on the Fed chairman’s latest PR mutterance, deftly engineering respective short-covering panics half a day ahead of him. It took patience, skill and perfect timing to push Apple shares into their steepest rally in recent memory, considering this grim backdrop atop the front page of The Wall Street Journal: Apple’s iPhone Troubles Persist. That would be putting it mildly.  Apple helped hook bears by announcing a day earlier that the company’s business had “stabilized” and that management believes things are bound to improve. (Cue up a global sigh of relief!)

Although the Fed’s momentous shift toward “patience” had been baked in the cake for at least a month, that didn’t stop the usual bandits and lunatics on Wall Street from acting as though this non-news were a revelation. But repeating it publicly for perhaps the fourth or fifth time still had the desired effect: Stocks went ballistic, the dollar got cheaper and everything seemed right in the investment world. Trump himself would not have changed a word of Powell’s speech. Recall that the news media had us believing for a while that the two were philosophical enemies. In fact, they are of a like mind when it comes to providing free money to any prospective inflator of assets who is not in prison. Their only difference is that while Trump lets the behavior of the stock market guide his monetary thinking, Powell pretends it is everything but the stock market’s health that he cares about. Wednesday’s voracious bear rally undoubtedly will have pleased them both.

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none January 31, 2019, 9:50 am

Tax Cuts and Jobs Act of 2017

The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes.

January 1, 2018

INDU 01/26/2018 = 26616.71 intraday High

Corporation over the next 12 months investment towards 10b-18 stock was staggering into owning their own company stock.

The safety net for margin calls towards these investments are the NYSE 25% margin call rule, the Xmas low was or is suggesting an inflection point level of value.

Again Rick have a great day.

none January 31, 2019, 9:23 am

The weak and very low NFI (red line) states a failing market at a rally high level.

Observe as towards the main or long term trend is in charge to the downside.

The 5 trading day low is key in starting another leg lower.

Take an added note, the ‘switch’ towards investment flow meaning that ‘inverse markets’ (GC, ZB, Inverse Currencies) is in play and will continue upward.

The investment flow ‘long term’ is now away from equities.

have a great day today Rick.

John Jay January 30, 2019, 9:12 pm

And so, once again, Wall St. triumphs!
And the de-facto devaluation of the life savings of honest, frugal, citizens will continue.
ZIRP/NIRP shall return with a vengeance!

And the Mad Dogs in Congress declare the MIC cash cow of NATO is, now and always, Sacrosanct!

And we appoint a new, improved Presidente for the people of Venezuela, sending him Gold, as we Gaddafi the old one!

And Colorado joins the charge to do an end run around the Electoral College.

I guess Trump was just a weak Fibonacci Retracement.

The primary trend will resume!
Our future lurks just around the corner!
Lurks is the word alright!

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