Just letting you know a bunch of growth leaders have recently been hammered on volume. But many were so extended, all they have done is fall down to their respective 50 day/10 week moving averages. It is this are that will be vital to hold. We will know more on any bounce, how they bounce, if the bounce is anemic and if they roll over breaking the 50 day. It is too early to tell. A few are green today off this line of support but tepidly so. There are a few just below this area and will need to see if they get back above. It is December, a month which usually has a positive tone.
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- PRE MARKETJuly 19, 2018 - 8:41 am
Lots of jello moving on the plate during earnings season. Yesterday, nice breakaway moves in ASML, CSX, GWW, NTRS….BRKB moved on potential to buy back stock. This morning…DHR good reaction but: Gapping down this morning: EBAY, DPZ, AXP, TRV, PM, SAP, UNP Futures down this morning but no biggie. From yesterday…great move in TRANSPORTS…an area […]
- RADIO SHOW 7/18July 18, 2018 - 9:31 pm
- PRE MARKETJuly 18, 2018 - 9:26 am
Futures flat. ASML up $8 even though earnings down. CSX up $2. MS up $1.50. Another beta day yesterday. NFLX the big gap down was bought and finished above the 50 day. Telling! Even bitcoin waking out of its slumber.