4,244
0.88%
4,244
0.88%
12,942
1.27%
12,942
1.27%
33,519
0.55%
33,519
0.55%
1,812
0.25%
1,812
0.25%
23,941
-0.07%
23,941
-0.07%

The daily chart of composite grain prices (Wheat, Corn, Beans) is forming an inverted H&S, yet the trend is strongly down. Most periods of congestion are resolved in the direction of the primary trend. $ZC_F $ZW_F $ZS_F Important #WASDE report pending today
Twitter is full of trading geniuses who are never wrong. That's not me

I take a loss almost as often as I take a profit - win rate just >50%

If you can't figure out how a trader can be net profitable with such a win rate, then you need put your money in your mattress
Quote of @DrEliDavid
This is very sad. Dr. Emrani has been a voice of sanity on Twitter
Dr. @afshineemrani, a leading California-based cardiologist, cited a study from New England Journal of Medicine (the most prestigious medical journal), that 98% of those who contract monkeypox are 🙊

Twitter locked his account for quoting the paper 👇
Quote of @MarkRitchie_II
This is an absolutely fabulous video that explains how/why traders are officially in a drawdown most of the time.👍👍👍👍👍
Not to belabor the quote from @PeterLBrandt but there is a great video from Robert Frey on youtube about how a good deal of the time markets are in drawdowns. For those who don't know he was a principle at the worlds most successful/profitable hedge fund
I've just published a new report for members of #Bitcoin Live.

See the post here >>

$BTC $ETH
Gear Daddies. “I want to drive a Zamboni”
Gear Daddies playing in my backyard on Lake Minnetonka
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, August 6-7, 2022 (issued Aug 5)". Please see here for more details.
Quote of @CNBC
SUPER HARD TO BELIEVE that any network containing the letters N B and C are willing to go public with this information. This information is not something "Project Green" would want people to know
Two-thirds of the Great Barrier Reef in Australia recorded the highest amount of coral cover in nearly four decades, though the reef is still vulnerable to climate change and mass bleaching, a monitoring group said Thursday.
Three most worthless tools for a chartist are:
1. Trendlines
2. Other diagonal lines
3. RSI and similar (exception is triple divergence of RSI and price)
Chart below is map to new galaxies discovered by the Webb telescope
Quote of @QTRResearch
This was funny more than a year ago when $BTC was making a top at $57,000. It is still one of the funniest TV segments ever produced and will be forever more no matter what Bitcoin eventually does @saylor @billmaher
This is what reality sounds like
Drawdowns are inevitable in trading. Not a question of if, but a question of when, how often, how severe. It is how a trader understands and reacts to drawdowns that determines his/her future as a trader.
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, July 30-31, 2022". Please see here for more details.
Gold #GOLD $GLD $GC_F held the lower boundary of a 23-month rectangle (yellow) that will serve as the Handle for a massive C&H. The bull market has started. Prices head north. Target headed to $3,000+ over next couple of years
The shorts in just about every market are getting caught with their hands in the cookie jar. Metals, cryptos, stocks, commodities
Quote of @DavidBCollum
So, what if a squash self identifies as a carrot orbs potato or even a raspberry or even a non-binary food item
If you think all life is precious then you will be intrigued to know that your DNA has a 30% overlap with a squash. That squash has the right to live as much as you do. Vegetables are sentient beings, often found in DNC focus groups.
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, July 23-24, 2022". Please see here for more details.
I just posted a new video to Bitcoin Live. This is a member post.

Link to video >>
Quote of @RaoulGMI
Yes, this is quite incredible. I traded Corn $ZC_F and Beans $ZS_F and Wheat $ZW_F in 2021 at the same absolute price levels at which I traded them in the 1970s. I expect price levels to ratchet to higher zone within next few years
Final charts for the day!

One of the greatest stories of technology that goes unappreciated over the last 50 years is that of the technology revolution in agriculture. World population has doubled while real age prices have fallen 87% (ignoring 1974 spike). 1/
Do you all know the words to the fourth stanza of "Running in the Shorts" $TSLA
#bitcoin
I own Bitcoin and accept most of the current bullish narrative
However, we go out on a ledge to assume that $BTC will forever represent the pinnacle of human ingenuity and achievement and that humanity will not surpass its essentials
The chart of Dec European Carbon Allowances is experiencing a possible downside breakout of a diamond chart pattern. $ECF_F
Quote of @chigrl
A small dynamite charge would also do the job
LOL...seems the climate activists have taken things to the next level in with quick concrete

Breaking news

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Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets |  Link
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From @Breakingviews: Giorgia Meloni’s popularity is soaring. Her manifesto, drafted with right-wing allies, favors tax cuts and fiddling with EU recovery cash, says @LJucca. Yet EU and market vigilance will tame radical fiscal ideas that may endanger Italy’s big state debt
Hedge fund billionaire @StevenACohen2 is reportedly setting up a separate, crypto-focused asset manager to trade spot cryptocurrencies and derivatives. @BrandyBetz reports |  Link
BREAKING: Author Salman Rushdie was attacked Friday as he was about to give a lecture in western New York via @AP Link
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Elon Musk says the Tesla Semi Truck will be delivered in 2022 |  Link
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While there’s little doubt now that food inflation is real, measuring price changes can be fiendishly difficult and highly subjective. Mayonnaise is a perfect example |  Link
"Not everything that can be virtualized will have value," says billionaire Mark Cuban. The Dallas Mavericks owner took to Twitter to explain why he doesn't value virtual real estate after slamming #metaverse properties on Altcoin’s YouTube podcast.
US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances |  Link
Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments |  Link
Investors are fleeing these bonds that protected you against inflation |  Link
Fed's Barkin wants to keep hiking interest rates until there is a 'sustained period' of inflation under control |  Link
Warren Buffett's Berkshire Hathaway has plowed over $25 billion into Chevron and Occidental this year. One energy guru suggests why. |  Link
Traders expect the ether rally to fizzle out as upcoming merge to proof-of-stake system will be a ‘sell the news’ event |  Link
Malcolm Gladwell, addressing criticism: 'Solitary work' can be done at home but for creative work, 'offices really do matter' (via @CNBCMakeIt) |  Link
DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner |  Link
The Senate’s budget plan is a step forward, but the work of fixing the benighted American tax system has barely begun via @opinion Link
Toast $TOST Rallies After Guidance Tops Analyst Estimates |  Link
🚨TUNE IN: Colombia's new leftist government headed by Gustavo Petro wants to cut inequality and raise money for poverty-fighting programs. It might not be so easy. Join the LIVE discussion 🎙@JPSpinetto 🎙@anjaralop 🎙@mjbristow 🎙@PattyLaya
After a UBS analyst's note sparked a two-day plunge in the drug makers, their shares rallied Friday after they said there is no evidence the heartburn drug causes cancer. A J.P. Morgan note also called the selloff overdone. |  Link
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“It's playing out as a sanctions action against @TornadoCash ... not an individual associated with it, but the smart contract itself ... a much more nuanced issue to discuss." Listen to the conversation with @jillrgunter of @EspressoSys and @nlw. |  Link
Friday, August 12, 2022: Why this sector is strong on falling oil prices |  Link
WATCH: Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost-of-living crisis struggled |  Link
U.S. consumer sentiment up more than expected in August, survey shows |  Link
Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged. |  Link
The SEC is looking into Melvin Capital Management risk controls and investor disclosures after the hedge fund was crippled by the meme-stock rally last year |  Link
While there’s little doubt now that food inflation is real, the key question is by how much? The answer isn’t straightforward, but mayonnaise can help answer it |  Link
Heard on the Street: China’s chip champion had some bumper years thanks to the pandemic. Now SMIC has to grapple with two big problems at once: a drop-off in demand and intensifying geopolitical risks. |  Link
Gas prices dropped below $4 in most states—here's how much a gallon costs where you live (via @CNBCMakeIt) |  Link
Shipping container fees are falling around the world, but not in the U.S. |  Link
Elon Musk tells Joe Biden to 'free some people in jail for weed here too' |  Link
A new report from Bank of America perfectly captures the current market by @MylesUdland Link
China tariffs: 3 factors that could affect whether Biden eases the Trump-era duties by @kevcirilli Link
💰 Love #crypto? Join our community and discuss the hot new virtual currency. 👇
China's housing crash has wiped out $90 billion from builders' stock and bond values this year as debt crisis looms |  Link
The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%. |  Link
Pelosi is so skilled at delivering legislative wins that it can be taken for granted, says @jbview via @opinion Link
Investors in the US housing market are starting to pull back in a move that could exacerbate the market's slowdown |  Link
Texas’ two Republican senators aren’t fans of the Inflation Reduction Act. Yet few states stand to gain as much from it as theirs does via @opinion Link
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions |  Link
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Germany is on Track to Meeting its Gas Saving Target |  Link
📻🎙 Inflation may have cooled to a degree in July, but pressures are still simmering. @johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn Listen to the full conversation ⤵️ Apple: Spotify: |  Link Link
Germany is on Track to Meeting its Gas Saving Target |  Link
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