Screwball

We need some chart porn. The weekend is upon us and the markets are closed. WTI closed around $98 and I will spare you the chart porn on that, but let's peek at the S&P. As documented above, the 6550 level was the main support going back to October of last year. The market has traded above that since. Until today. The first chart is a 9 month by day showing how we just breached the support to the downside. Not a lot under that, and a gap to fill. The second chart is today's one minute action where it bounced around that level until around noon, an then took a poop. Now a close, on a Friday in a bad place if you believe in the technicals. Today

The MAC got smoked today and should tell us how bad they really are. It seems like it's all about money. Of topic, but this is an investment thread. 🙂

Growing up in the middle of Browns country here in Cornhole, Ohio made me a Steelers fan. My best friends were Browns fans - but we got through it. Their team of the 70s were great memories. Jack Lambert follows me on Twitter. How cool is that. He was my favorite guy. Went to Kent State. Football was different then. Steeler fans are rabid and travel well.

I will stop short of saying the Zuck **** is an evil ****. I wouldn't trust anything out of that creeps mouth.

Agreed. I have noticed it has recently gotten worse. I use a fake name instead of my own just for privacy and it allows me to read the local stuff, which is usually a real hoot. I think I read somewhere recently they are laying off more people. That will certainly make it better. /s

Wow, that's wild! I don't remember where I read that but it might have been FB. I should know better if that's where it was. You can' trust squat on that site. Good news just the same. He is one of my all time favorites.

Add Mean Joe Greene of the Pittsburgh Steelers.

They had huge baked potatoes with the great steak. French onion soup was good too. You didn't go hungry. It was known as a top shelf place back in the late 80s and 90s when I was close. Not sure about now, but there are still there.

I'm rooting for Miami and Akron, and mid-majors in general. Roots in Ohio and the U of Toledo.

The history of the Great Lakes (on edit; shipping), which Toledo was a large part of, is really neat stuff. Not far from the Spicer plant on Bennett, on Phillips Ave, is the famous Mancy's Steakhouse. Captain McSorley of the Edmund Fitzgerald lived in Toledo in the off season and was a regular there as it was told. But a pain in the ass at times.

yep

This is absolutely insane: The world is quite literally facing what appears to be the largest energy crisis in history. US crude oil futures are now trading at a $20+/barrel DISCOUNT to Brent, also one of the largest on record. As the US increases production and taps into reserves, the EU is facing a full out energy crisis. European natural gas prices are up another +30% today and physical crude oil prices in Oman and elsewhere are trading at $150+/barrel. In other words, the gap between Oman and US prices now stands at ~70%, or ~$70+ per barrel. It has become so bad for Europe that the market is now pricing-in 2 interest rate HIKES in 2026, even as the US removes sanctions on Russian oil. US rate cuts in 2026 are almost entirely priced-out as a result with Core PPI inflation on PRE-WAR data rising to its highest since February 2023. The entire global economy just took a complete 180 degree turn in 3 weeks. The next few months are going to be historic.

Some think this is AI. There have been reports BN is dead. Then some video's came out with him in them proving he is alive. This was one of them. Some think they are fake. The first casualty of war is the truth. Who knows in today's world. Yea no ****. Why would you believe any of these assholes? Ever?

So is Silver. WTI crude around $96. Of note, Natty gas up about 5% but nowhere near where it was in January. It will be interesting to watch that price since they are blowing up gas installations in the Middle East. It's been reported Europe prices have jumped significantly. Have to wait and see what happens here. For those who energy shop, and did so recently to lock in pricing, you might be a happy camper in the next few months.

The Fed can only monetize what .gov spends. I'll dismiss all the other word salad and say they are not cutting rates today. Unrelated, kind of, crude it back to $98 and change for WTI. Brent over $100.

I was 10. In those days that stuff was off the chart incredible and cool. Our black and white TV made it look real. We all wanted to be Astronauts.

Funny, I was just looking at this. Chart porn incoming. WTI crude over the last week. After the big gap up on Sunday night it has went the other way. This is the tape says - that's all that matters. Doesn't have to make sense. So we look at the support/resistance levels. Once the euphoria was over on the weekend it has been bouncing around the $92/93 level after taking a dip to the $80 range for a few days. Now back to $95.65 as I type this. Pump prices are already going up here in Cornhole. Small sample size. Brent is higher. Wall Street is no doubt making money on arbing the spread.

That was always so much fun. One night after work from the transmission plant on Bennett Rd, I got stuck for a boat. I was the second car from the bridge. Neat view. I was kind of neat. Not so neat when it didn't go quite down either...

They guy that could have played Cruise was in the 82 movie. Donald Sutherland. He would have been 27. I think he was underrated.

Burt Lancaster is best remembered as Moonlight Graham. 🙂

WTI crude gapped up at open to $102.44, but has since closed the gap at is trading at $99. The first casualty of war is the truth. BS only goes so far.

For sure. Dad taught me how to play. He would have loved that. We were too poor. Some guys I played with later in life talked about going out there and play it. Make it a vacation. Didn't, but sure wish I would have. I did get to play Inverness in Toledo, home of some big tournaments over the years. Incredible experience. I was there in 93 for the PGA practice round. Walked the entire course. Incredible golf course. Got to play it in 96 or 97 I think. 93 was the Azinger Norman sudden death playoff. It was neat to play the course and remember what these guys did, and from where. Short course, really. John Daly was bitching he couldn't hit his driver. It was a shot makers course. You didn't need to hit it 300 yards. Stay out of the rough - yanks the club out of your hand - and I wasn't playing in PGA conditions... You would never think in the medium size metropolis of Toledo a patch of land in the middle of it would be so hilly. Of course, IIRR, the street behind is Hill Ave. 🙂 The elevation level changes throughout the course is incredible and well used by one of the most famous course designers ever - Donald Ross.

Pebble is actually a public course we can play. Not cheap, you you can play it. I have a logo ball from there.

That bridge is high. I wouldn't even want to drive a van across it. Or a small car. But it beats that old POS it replaced.

I think they did have wind warning for certain vehicles on Friday on the Turnpike. Further South there were reports of trucks overturning on several highways. 224 & 53. Then there was this from the Toledo TV station on a High School in Tiffin that a wee bit of a roof problem; Strong winds tear parts of roof off Tiffin Columbian High School