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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- RADIO SHOW 11/13November 13, 2018 - 6:47 pm
- RADIO SHOW 11/12November 13, 2018 - 9:09 am
- NAUSEA AND THE PRE MARKETNovember 13, 2018 - 9:01 am
Hey…the Giants won! We heard yesterday: One pundit say the action in the market doesn’t worry him a bit. One pundit say this is how a bottoming process works. One pundit say it is good news when they get names like AAPL and GS. Our take: Except for the DOW, all major indices and most […]