Kiss Virtual Social Mood Goodbye

For eight years straight, Central Banks used printed money to give markets a fake sugar high while economic fundamentals steadily deteriorated. They were aided and abetted by the best momentum-generating technology money could buy...

"Printing money was their secret to effortless wealth. They wondered why no one had tried it sooner"

Speaking of technology driven fake wealth...

Semiconductors, Tech stocks, Bitcoin and Ethereum all peaked around the same time in early June. Beyond Social Mood, what is the connection between Tech stocks and Bitcoin? Bitcoin is a technological currency...

Bitcoin miners are in an arms race to crank out Bitcoins as quickly as possible, and to do that they need massive amounts of processing power:

Which is all well and good, but now it's all going in reverse.

Ethereum is above its 50 day, but it has never closed below this current level on a daily basis since passing through on the upside...

Bitcoin just probed its 50 day again, and sits at critical daily support...

The 50 dma is at 2400:

Semiconductors got obliterated this past week, down -4.5% on the week:

Then again, Nvidia always peaks at the end of the cycle

With MACD (lower pane), convergence/divergence of moving averages:

Can the Tech sector survive without the support of semiconductors?

More importantly, what happens when the five largest mega cap stocks fully join the downside party?

Well at least there's always the fake reflation trade, which unfortunately happens to be WAY ahead of Tech with respect to implosion...

Goodbye!

Oil is below both its 50 day and 200 day moving averages in what is known as a "death cross", which sounds better than it is...

Wait until they realize what they bought with all that money...

When they realize that Camacho-in-chief has to do more than hurl insults at women on Twitter to be successful, the underwear will be mighty stained...