The Market Perspective: Triple Head & Shoulders Top Back to Jan 2018

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Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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May 14, 2019

Triple Head & Shoulders Top Back to Jan 2018

Tuesday May 14, 2019

Larry Kudlow's claim that the stock market has been soaring is simply untrue. Take a look above.

The DJIA finished the rise from 2009 in a parabolic unsustainable move up. The a triple top looking like a head and shoulders formation unfolded.

Note the two shoulders peaked just under the spike high last October.

The FANG stocks have lost interest. And the poor performance of UBER already down 18% since its IPO last week shows little promise.

The markets are bouncing up this morning which is to be expected.

This is pre market at 7 44 AM CST.

Posted at 08:46 AM in Stock Market | Permalink

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