Commentary

1/11/21 Midday Signals

The current scene is fascinating because the market is balanced between at least two different views of reality.

I have no idea how twitter makes money, but the loss of dear leader as an attraction (and all that implies) has caused it to fall slightly below its 54 day moving average. The smart money was getting out on Jan 5 when it bounced on the 18 day moving average.

That level corresponds to the 13 week moving average.

Seems like a decent place to buy here, if I’m not being too political.

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