RADIO SHOW APRIL 29- THE WORST AREAS HAVE BOTTOMED EDITION

SOURCE: https://www.spreaker.com/user/10863617/bad-news-in-the-market-is-being-bought-u

MARKET THOUGHTS

—–We know it is end of month week and we know there is a ton of earnings still to come out but:—–
—–The recent 10-12 day trading range is resolving itself to the upside. In fact, the market is broadening out as many areas that were lagging are now coming to life.–
—–The FINANCIALS, that acted poorly off of earnings, have turned right back around and looked to have bottomed.—–
—–The lagging forever RUSSELL 2000 and MIDCAP 400 are now actually outperforming. Again, the broad market.—–
—–All major indices are now trading above the crucial 50 day moving average. The SEMICONDUCTORS (SOX) is again leading the way. (It always leads up and down!)—–
—–So far, crappy earnings and no guidance are being bought.—–
—–We try to not rationalize why. After all, there is still plenty of bad news coming out. Just realize we will head back to some kind of normality and when you combine this with “unlimited amounts” from central banks (their words), markets will react. We also believe that even when we get back o normality, central banks will never roll back their nonsense.—–
—–To backtrack:—–
—–We thought A low was put in March 23. It turned into THE LOW. —–
—–We thought the move above range on April 6th was the move to a higher low. That day was never taken out.——
—–And now, again, looks like price is resolving above the past 10 -12 days range. So we get another leg up with some broadening out of the market. We now head into massive and we mean massive overhead resistance as markets move higher. We could see some backing and filling into these areas. More to come.—–

RADIO SHOW 4/27- THE BUSINESSES STARTING TO OPEN EDITION

SOURCE: https://www.spreaker.com/user/10863617/the-business-world-starts-trying-to-open

RADIO SHOW 4/24 THE WHAT WILL THINGS LOOK LIKE EDITION

SOURCE: https://www.spreaker.com/user/10863617/what-will-the-economy-your-job-and-the-c

RADIO SHOW 4/23- THE THAT WAS A BAD CLOSE EDITION!

SOURCE: https://www.spreaker.com/user/10863617/markets-ignoring-continued-poor-economic

PRE MARKET NOTES

Normally, we would have sent you out some notes last night that would have said:

The market topped today as a ton of stuff ran into the declining 50 day moving average and sold off. On top of that, just about all the narrow leaders came in hard with some failed breakouts and even the big strength coming in. Leader SHOP hit a high of $665, hit a low of $556 before settling at $585. It is trading over $$600 in the pre-market. It was also an AMD that gave back just about all gains from recent move. MSFT…which did the same. We could have also listed a few hundred names that were sold down hard on volume as they hit resistance (50 day moving average). And that is the stronger stuff.

But normally, is not what it used to be. With central banks printing trillions for the sole reason of keeping markets from falling down, we have to keep both eyes wide open. AND, almost like clockwork, we gap back up today. We made the conscious decision to wait for the morning to say anything. A little article on what central banks are doing. It is not small:

https://finance.yahoo.com/news/fed-buying-41-billion-assets-052412583.html

We are big believers in the big picture. We suggest it is more than mixed as a good percentage of the market has been much weaker than these names that have rallied and sold off into the 50 day. If they cannot hold today’s strong open, it could possibly and normally be a big sign. But there is that word “normally” again.

At the very least, know that the institutional crowd distributed whatever was leading yesterday and will be watching closely today. We are in the midst of earnings season. NETFLIX (NFLX) was trading at $470 in after hours but gave it all back and more, trading at $427 as we write this. Seeing some other gaps this morning in CMG, STM, SNAP, TXN, TER. There are a lot more names to come in earnings season.

On watch!