THE MORNING LINE
‘Oil and Water’
”
I’m in San Francisco, taking a break from Florida’s unbearable heat, but also from my weekly commentaries. Writing regularly about the impending collapse of the stock market, Trump hubris and the fatally diseased, fake economy had become drudgery, and so, at least for the time being, I am focusing on more upbeat fare. Recently, I featured paintings by my college roommate, Geoff Leckie. Now I offer the works of another friend, Deborah Oropallo. In the forty or so years I’ve known her, she has broken new artistic ground with each new evolution of her style and subject matter; then, she moved on when multitudes of imitators glutted the market. Deborah has achieved fame and commercial success, including shows at the Whitney Musuem and the Smithsonian. The work above, titled Oil and Water, was completed in 2016. It is a photomontage and acrylic on wood panel, 26 inches square. For more information about the artist, click here.
Rick's Free Picks
$MSFT – Microsoft (Last:518.00)
The thieves who manipulate this behemoth for a living partied hard in the final moments of Friday’s session, goosing MSFT $7 just ahead of the bell. Usually it is in the opening minutes of the day that we see them diligently at work, stealing hubcaps in full view of SEC
$TLT – Lehman Bond ETF (Last:89.02)
This ETF proxy for the Long Bond has generated its first impulse leg since August with a pop above two prior peaks on the weekly chart. The move is not nearly as strong, and it is no reason to break out the bubbly, but it implies the rally cycle begun
$GDXJ – Junior Gold Miner ETF (Last:90.03)
GDXJ has shredded its way past all lesser targets, leaving just one more, major, Hidden Pivot resistance at 93.89 that comes from the weekly chart and beckons a test. Judging from the ease with which buyers penetrated the midpoint resistance at 78.90, the target is all but certain to be
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