Hey you technicians, just letting you know big DOW leader Boeing (BA) just broke the 50 day average cleanly for first time in 15 months. Doesn’t mean the end of the world but the longer something holds that important area and then breaks, it is often of consequence. Of course, anything is possible and the stock could just jump right back up. Boeing was a huge help to the DOW for a long time. For this second, now an anchor.
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- WEEKEND NOTESSeptember 24, 2018 - 8:38 am
Futures down…NASDAQ worse than DOW. Foreign markets pulling back after good week of gains. The thought process has not changed from anything we have been seeing. Two weeks ago, we wrote the report about “changing of the guard” in the market..and since, this is exactly what has happened. Relative strength in the market has been […]
- RADIO SHOW 9/21September 23, 2018 - 2:32 pm
- GTXI DOWN 95% THIS MORNING!September 21, 2018 - 8:42 am
GTX Inc (GTXI) has been trading since 2004. In the 2000s, it traded as high as $234. At those highs, it gave the company a $5 billion+ market cap. This in spite of the fact the company has never had any sales…not earnings…sales. Fast forward 14 years to yesterday. The stock closed just over $23, […]