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 MARKETJanuary 19, 2018 - 9:18 am
Yesterday’s bear market wasn’t so bad. Mostly BA finally having a down day even though the A/D was putrid. AMZN up nicely this morning as rumor they will raise PRIME price by 20%. IBM gapping down even though they finally had sales go north for first time in years. S&P futures flat but AMZN has […]
- RADIO 1/18January 18, 2018 - 8:31 pm
- MADURO: BLITHERING SOCIALIST IDIOTJanuary 18, 2018 - 8:39 am