Tag Archives: wealth redistribution

The Failed “Market Is Technically Overbought” Narrative

The S&P 500 is overbought in the last three days according to a popular indicator. Shorting a technically overbought S&P 500 has been a losing strategy in the last 57 years as shown in this article. Yet, the “market is … Continue reading

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Fibonacci Voodoo On Gold

Gold prices retraced about 38% of their previous uptrend that started in December of last year and peaked during last July. One could say that gold prices found support at the 38.2% Fibonacci retracement level but that is more like … Continue reading

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