Yuck…yuck and more yuck. Start with some money losing IPOs romping and stomping to the upside. Add in over 50% of the market bearish while some indices go to new highs. Add in very extended leaders. Add in put/call numbers off the charts bullish…and start the week with yuck. That 2800 area may be a sticking point for this second. A break above would be very bullish but may need some time and price in here as well as working off some of the froth.
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- 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.
- RADIO SHOW 7/17July 17, 2018 - 6:48 pm