THIS IS A MAJOR HURRICANE. HOPE YOU ARE ALL LISTENING TO GET OUT OF THE WAY. OOOPS…NDX futures down decently…DOW and S&P less so. We have absolutely no idea of where this market goes…just that: RATES GOING HIGHER OIL PRICES (while pulling in a wee bit) HAVE HAD A BIG RUN GROWTH STOCKS CONTINUE TO…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100918.mp3
Futures were down decently an hour ago but as we write this, Qs actually up a wee bit with S&P/DOW down a small amount. Yesterday could have been much worse. DOW was down over 200 and finished up. NASDAQ was down 130 but finished only down in the 50s…but still down. More deterioration in growth…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100818.mp3
Futures down off of weak Europe and Asia. China down even though they eased again. Not thrilling news. Markets short-term oversold but as we stated, oversold can become more oversold. Earnings start to come out in droves late this week with a few important FINANCIAL names like BLK, C, JPM, WFC. PNC.
Last week, we wrote this: While the DOW goes into new highs, nothing else is. While the DOW goes into new highs, advance/declines have made relative lows. While the DOW goes into new highs, the RUSSELL 2000 and the MID-CAPS have broke initial support and are woefully under-performing. While the DOW goes into new highs,…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100518.mp3
It’s not the news. It’s how markets react to the news. Many are saying markets have to go up because economy is strong, earnings are strong, unemployment is low and consumer confidence is through the roof. They are correct on all those accounts except one. The market DOES NOT have to go up on good…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100418.mp3
