Good Morning:
- Score one for the good guys! After plunging in the wake of a weak ISM Manufacturing Report this morning, the S&P 500 recovered its losses. It confirmed the day’s historical reputation as the calendar year’s most consistent and reliably bullish trading session.
- And the Cradle Trade lives too, with the market pivoting right from the Algo line discussed the past few days.
- The price even managed to squeak out a close slightly above yesterday’s high and the 5-day line – triggering another swing buy signal and pivot – at least if you had the fortitude to buy into a three-day weekend.
- 10-year Treasury Note rates also nose-dived on the ISM report (I think interest rates backing off is good?) – as the bond market begins to price in the recession already underway.
- I wonder if the Biden Regime will cook the second quarter books to eke out a slight GDP gain, just to keep them from getting tagged with a recession before the mid-term elections? Care to take any bets?
- Importantly, the market had every chance to take out the 3639 June low today but didn’t. So the case for a rally (we have patiently awaited) scores another checkmark in the win column today.
- Naturally, because it is Friday, the pivot stays just a few ticks above the confirmation line – enough to keep us in the game – but not enough to motivate us to back up the truck to load up long on futures and options.
- I will have more to say over the weekend.
As a side note, I am moved to tears to learn of the death of Dr. Zev Zelenko from cancer yesterday. You will find his last words (the day before he died) at the link in the prior sentence.
He truly touched my heart. This brave 48-year-old doctor’s early and sensible protocols (Ivermectine (then Quercetin), Azithromycin, Hydroxychloroquine, Vitamin C, and Vitamin D (with just the right amount of zinc to deliver it) saved thousands of people (including me) from Covid-19 and certain death. I still take his daily formula to keep my immune system strong and healthy.
It is noteworthy that Dr. Zev’s formula was curing people long before the clot shot started killing people. Of the thousands of patients Dr. Zev personally saw and treated for Covid-19 in early 2020, only a single patient died throughout the Pandemic. His protocols saved millions.
His reward? Big Pharma and the Big Biden Regime viciously attacked him. They tried to take his medical license and destroy his life. And they did the same to the other small number of doctors and medical professionals brave enough to fight back against the evil regime and its narrative.
There are many unsung heroes like Dr. Zev, but it seems there are not as many as there used to be when I was growing up in this great nation of ours. History will treat them kindly, depending on who gets to write it.
I am happy that Dr. Zev lived to see his protocols fully vindicated – though it would never have mattered to him as much as it did to do the right thing by his patients. He also had the opportunity to see many of his colleagues (though not enough) apologize for drinking the Biden and Big Pharma Kool-aide. Of course, the plethora of leading doctors, hospitals, and newsrooms that Big Pharma bribed will never speak out or apologize for the vaccines.
I don’t know what has happened to our country such that this Orwellian nature of things has come to dominate our work, lives, and body Politik. I shudder to think of the long-term consequences.
This nation’s fine and decent people, so busy and distracted by working hard for their families and communities, must wake up before it is too late. If you haven’t noticed, a creepy, silent coup is underway to dominate, conquer, and force our nation and its people to submit to global, authoritarian rule and a very unfamiliar way of life. And the regime is about to drag us, our children, and grandchildren into another unwinnable world war.
The Pandemic and vaccines are symbolic of the silent coup. And I can personally attest to the effectiveness of Dr. Zev’s Covid-19 treatments. May Dr. Zev’s memory be a blessing. And may Dr. Zev Zelenco rest in peace with my mother, father-in-law, and so many others who have and will unecessarily die from the establishment’s ill-conceived clot shot and its purposely-hidden side effects.
And may Big Biden, Big Tech, Big Media, and Big Pharma eventually go up in flames! And while I am on the subject, the World Economic Forum can take their “Great Reset” and put it where the sun doesn’t shine!
Thanks for letting me rant and honor this fine and brave man. He will always be my inspiration to try to do the right thing – even when the going gets impossibly tough.
Enjoy a wonderful holiday weekend with the ones you cherish in your life as we honor the birth of this great, though imperfect, nation. Let’s focus on what binds us together and celebrate (rather than scorn) our differences.
A.F. Thornton