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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (73469)	11/6/2022 8:49:35 AM
From: rimshot	2 Recommendations Recommended By ajtj99 LoveAG Read Replies (1) \| Respond to of 97912

" Lotta smart guys on this thread. I joke not. Two questions for you guys: Commodity bounce on friday: All BOJ intervention or something more? Any implications for stocks going forward? " ...... yes, as evident in the $NYA price action has not closed below its 50-day SMA for more than a week ... nearly two weeks ... it is merely a high vigilance chart item for now, so time alone will tell if the $NYA price action remains above its 50-day SMA for future daily closes stockcharts.com

To: yard_man who wrote (73469)	11/6/2022 6:16:30 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 skier31 Read Replies (2) \| Respond to of 97912

Spike in commodities was rumors of China opening back up. If it would have been true, it would create demand for oil, copper, iron etc. This would also be VERY inflationary. It turned out over the weekend to not be true. China will still lock down every time they get Covid cases. At the same time, the dollar dropped hard Friday. After climbing from 110.50ish to 112.50 the last couple weeks, it reversed Friday from 112.5 to 111.0. Down dollar makes everything more expensive, commodities, stocks etc.