RADIO SHOW 1/17
SOURCE: https://archives.warpradio.com/btr/investorsedge/011718.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/011718.mp3
Most notable is how FINANCIALS have been reacting whether numbers good or not so good. JPM, PNC open down on misses and rally up. Names that beat ramp up…like a GS. MS misses this morning…but only down a wee bit. There is no way the bear resumes unless FINANCIALS roll over again. Notable: China unleashes…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011618.mp3
First: https://www.cnbc.com/2019/01/16/chinas-central-bank-injects-record-amount-to-stimulate-economy.html So China going all out, for the economy or for the market or for both. Either way, the easy money, government-induced, central bank-induced markets continue…and until they stop having influence, you must obey. Since the “Powell switch,” markets act well. Yesterday was a good beta day leading to many set-ups as we…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011518.mp3
Not a great day yesterday but not the end of the world. FINANCIALS were strong as C reversed early losses to have a strong gain. That could change for FINANCIALS this morning because JPM had its first miss since 2014. Notwithstanding another reversal to the upside, JPM is trading down $2.60…as we write this. Futures…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011418.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/011118.mp3
A FEW FACTS: Just about everything has rallied up into, near or on massive overhead resistance where markets had a “waterfall” breakdown or the declining 50 day moving average. In bear markets, this is where or around it is normal to fail…or start failing. This means we would get another topping process of a few…
The best thing the market can do now is to pull back…even have a scare day or two. Major indices are into major and we mean major resistance as well as the declining 50 day moving average. It would be normal anyhow to stall and pull back after going coast to coast in sentiment. A…