Markets beyond overbought. Markets beyond stretched and extended. Retail investors plowing in at numbers haven’t ever seen. Valuations upper end of historical levels. Sentiment off the charts bullish. The good news is that getting this overbought tells you how strong things have been. We just worry about climactic action as it is great while it goes up but very painful when it goes down. Not sure we are climactic just yet…
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- PRE MARKETJanuary 22, 2019 - 9:11 am
Futures down but that’s after being up another 300+ on Friday. We are actually in hopes of pullbacks. Markets need one or two to set things up better. Maybe this starts one. Most all early weakness has been bought so far. Massive amount of earnings next two weeks. Patience here. More tonight.
- RADIO SHOW 1/18January 22, 2019 - 9:09 am
- PRE MARKET/CHINAJanuary 18, 2019 - 8:51 am
We are not going to complain about the fake China trade news that moved markets yesterday. We just want to concentrate on: The reaction was good…and now we have another little gap to the upside this morning. The DAX, the CAC and the FTSE break above the 50 day average this morning. This on top […]