After today’s show as I was perusing the “markets” I noticed a technical pattern emerging that coincides with what may be taking place today and is something to keep an eye on for clues, especially when it comes to these “markets” currently in both price, timeframe, along with other forces such as tariffs, et cetera.
It doesn’t matter if you understand what is known as “technical analysis” or not, for I do. All you need to do is watch the current actions in the market and see if they play out close to what I’ve illustrated below. As I’ve said all week on my show, “Paying attention, especially when it comes to this week – is of paramount importance.”
So with that said here’s the S&P 500™ as of about noon, ET represented by 15 minute bar/candles. To wit:
Today is the latest installment of the newly launched MYTR Broadcast. It is, as I iterate every day, in the 60/40 category of ready for prime-time. After giving it the once over myself 60/40 might be a little kind. Nevertheless, I decided we launch, and we keep shipping. And we have – and continue. Warts and all.
In keeping with that nautical theme think of it this way when listening – what we’re doing is knowingly put a vessel into the water where we are pretty sure the hull is intact, the engines are primed, but the rudder and a few other navigational necessities are not yet functioning up to par, or at all, and will need to be fixed on the fly rather, than sitting and waiting in dry dock. We’re still in the “harbor” at the moment, but getting this thing into the water and see if she would float in the first place was far more important. So here we are.
What I’m releasing currently is the equivalent of what would be the first hour of a multi hour program. It will expand as we go further.
It is a little rough around the edges, drifts a bit in subject matter, but I decided getting the first one in the can was paramount. And after careful consideration, I thought it best not to have to talk the engineer down from the roof one more time, because last time, I wasn’t quite sure if I had won him over to come back down, again. He just kept mumbling something like, “Not enough money in the world..” or something like that. But I digress.
With all that said here’s a few items of importance…
First: This broadcast/podcast is not downloadable. You must come here to listen, Yes, you can pause, fast forward or, rewind. But what you can’t do is download it. That’s one feature that will make this different from others. The reasoning is simple: I want no other vendor between my content and my customer. In today’s world of wifi and internet connections downloading is no longer a priority to consume at leisure.
Next: You’ll notice there will no longer be any sharing buttons. If you would like to tell someone about the site, by all means send them a link to the site. But linking to specific content where the content can be listened elsewhere? e.g., on some social media platform. I have no interest and believe it’s just a waste of time.