THE MORNING LINE
Bending Civilization Toward Zuckerworld
Pretty creepy, huh? Zuckerberg is so certain Ray-Ban spyglasses are the future that he has hired billionaire influencer Kylie Jenner to endorse them. Do we really crave having a world of information literally in our faces? We’re about to find out. A factory in Italy has been churning out Meta glasses by the millions, and it is presumably only a matter of time before one can buy them at Home Depot, McDonald’s and the corner bodega. Unlike Apple’s Vision Pro glasses that flopped with consumers a couple of years ago, these have AI smarts that can even remind us of who people are if we bump into them and have forgotten their names. Zuck swears that his shades won’t eternally remember conversations that our friends would rather be forgotten. However, we all know better by now: your supposedly private information is $$$$$ for guys like Zuckerberg. And that means that sooner or later, the glasses will be used mainly to sell us stuff. We will crave Red Bull, Dubai chocolate and even more Taylor Swift without knowing why, and we’ll be able to buy just about anything we see on a shelf or in a showroom with a couple of slow blinks.
About Rick’s Picks
The foregoing aside, we are not contemplating a return any time soon to the weekly commentaries that were a regular feature here for more than two decades. The time and effort spent crafting them is now spent making the Rick’s Picks Trading Room an unbeatable source of timely, diverse trading ideas for novices and professionals alike. The analytical ‘touts’ below, updated 24/7, will continue as always, as will their barbed emphasis on the similarities between Wall Street and carnival midways. The implausible accuracy of our trend calls and price targets is a matter of daily record and must be observed up-close to be believed. Sign up for a free trial with access to all site amenities by clicking here (no credit card needed). Then click here for my latest interview with Howe Street‘s Jim, Goddard. We talk about the Information Age and whether there is enough value in manipulating data to keep America prosperous and support grotesquely bloated asset prices.
Rick's Free Picks
$CLQ26 – August Crude (Last:82.49)
Although buyers did not quite impale the midpoint Hidden Pivot at 79.37 on first contact, they broke free of its gravitational pull with sufficient force on Friday to all but ensure more upside to at least p2=85.53, or more likely to the d target at 91.69. Traders, and even the
$TNX.X – Ten-Year Note Rate (Last:45.41)
The bull is taking its time consolidating for an upthrust to the 4.82% target shown in the chart. The process could include a dip to x=4.48% that would trigger a theoretical buy signal. Although we do not actually trade this vehicle, such a signal could be easily leveraged using TLT
$ESU26 – September E-Mini S&P (Last:7494.75)
The futures ended the week on a tempting buy signal that was best ignored, since it is impossible to predict on a Friday what fresh hell Sunday’s news might bring. The headlines were decidedly bearish in producing Thursday’s overnight cascade: crude prices were up nearly 4%, Xi Jinping was boasting
$GDXJ – Junior Gold Miner ETF (Last:92.20)
Last week began with a doomed two-day rally that left our 82.46 target unchanged. It has now been five months since shorting an upthrust proved to be a bad bet, and that will probably hold true at least until GDXJ finds a bottom at or near our target. It is
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