Just letting you know watching them financials (BANKS,REGIONALS,S&Ls)real closely. They have been sitting range-bound under the 50 day moving average since March 21 with no ability to get back above resistance. The good news is that support has held throughout the many weeks. Support looks like it is going to be tested again soon. Needless to say, quite important.
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- RADIO SHOW 10/19October 19, 2017 - 7:28 pm
- ONE MORE EARLY NOTEOctober 19, 2017 - 9:52 am
Forgot to mention bad overnight for the Hang Seng. So many China ADRs hit this morning with a couple of names actually breaking the 50 day this morning. This is overdue. Patience here. Let’s see where they take them to.
- PRE MARKETOctober 19, 2017 - 9:02 am
Woke up this morning, getting ready watching tv, saw two pundits say we are going to have a bull market for about another 10 years. Will let that rest with you. Futures down. No way! NDX futures worse than DOW/S&P. Don’t worry. Should be up by 11 am. (Sarcasm…maybe) Just to be repetitive…sentiment indicators have […]