Still Nothing to Report

by JDH on May 21, 2022

The DXY is still strong.  The markets, including gold and bitcoin are weak.

It’s “sell in May and go away” time.

Let’s talk again in a week.  Or a month.

I’m on the sidelines for now.

That’s it.

Short and sweet.

Nothing to Report

by JDH on May 14, 2022

The weather is gorgeous here in Southern Ontario, for the first time in forever, so you should not be wasting time reading my musings.

Nothing has changed.

The market is in turmoil.

Now does not appear to be the time to deploy capital.

Raise cash.  Stay on the sidelines.

We’ll wait and see how it progresses.

(Bitcoin likely a buy if it hits $20,000 USD).

Bitcoin: Next Stop $30,000?

May 7, 2022

The Bitcoin chart is not pretty.  (It looks like the stock market chart): In the bottom left corner, in the red circle, is the “crash” of March 2020.  Seems like a distant memory now, but it was a drop of over 60% in a month.  Bitcoin recovered, and from the March 2020 low of around […]

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Sell in May And Go Away, Again?

April 30, 2022

Historically, the month of May ain’t great.  Over the last 60 years, half of Mays were “downers” as measured by the DOW.  June and July tend not to be great, but that sets the market up for the end-of-summer rally, and better times in the Fall. Two caveats: First, during the bull market from 2017 […]

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The DXY

April 23, 2022

I don’t typically comment on the US Dollar, but today I present this simple chart of the DXY, going back to 1998: The Dixie, as the DXY is known, is on the verge of either a triple top, or a significant breakout.  Since the start of the millennium, the DXY has been in a downtrend, […]

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Raising Cash

April 16, 2022

I am currently 20% in cash.  That’s the largest cash percentage I’ve held in quite a long time.  Why am I holding cash? First, seasonality.  “Sell in May and go away” is a saying that works most years.  The broker bros go on vacation, market action dries up, and stocks fall into the summer.  It’s […]

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On the sidelines

April 9, 2022

For now, I’m on the sidelines, awaiting divine inspiration to decide what to do next. The overall markets look quite toppy.  There is inflation, a war that shows no signs of ending, and interest rates are on the rise.  (The Bank of Canada releases their next decision on Wednesday).  That’s uncertainty, so I’m not making […]

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A good week for Bitcoin – but will it hold?

April 2, 2022

As I noted last week: Bitcoin is fighting with what Benjamin Cowen calls the “bull market support band”, which is the 20 week Simple Moving Average (SMA) and the 21 week EMA (Exponential Moving Average).  When Bitcoin is under this band, it’s in a bear market.  The Bull Market Support band acts as resistance in a bear […]

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Bitcoin in Brief

March 26, 2022

I’ll keep it brief this week, and only make one comment: Bitcoin is fighting with what Benjamin Cowen calls the “bull market support band”, which is the 20 week Simple Moving Average (SMA) and the 21 week EMA (Exponential Moving Average).  When Bitcoin is under this band, it’s in a bear market.  The Bull Market […]

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Gold and Bitcoin: Some Thoughts

March 19, 2022

Gold Let’s start with gold.  It’s quite obvious from the chart that the descending wedge that started in September 2020 (the last new high) was broken at the start of this year, and gold has put in a new high. That’s good news for gold, and given world events, it’s not at all surprising.  Money […]

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