Wednesday, July 22, 2026

Energy Begins Third Wave

7/22/2026 I don't know what is wrong with the google site blogspot but I hope they get it fixed quickly, meanwhile Front page WSJ today More than a week after resuming strikes against Iran, the US has been unable to quell Iran's ability to strike back. In short there will not be anothe MOU or short term cease fire, the game's afoot as S Holmes would say. I bought back the calls I sold against stocks, some were already at or near the strike price. The time to sell calls will be when we are topping out, a long way off. On the weekly charts the energies are just starting a wave three up, yes buying a year ago would have been better but here we are and we do what we can. The major stock indexes need a sold weekly close under first the April 2026 low and then the much April 202 low. Until then I am assuming summer is just playing with investors as usual. I am bullish energy The 30 year bond is about to take out the 110 previous low. let's add more TBF the bear bond fund Silver looks like it wannts to rally back but this is still not a great trade Let's hope blogspot gets quickluy fixed.

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