Futures down decently. They turned down when the president talked about more tariffs and all that crap. Harley Davidson said they are going to lose up to $100 million they otherwise wouldn’t have lost because of the EU tariffs which came about because of Trump tariffs…about $2,200/bike. They also announced they plan on shifting a portion of its U.S. motorcycle manufacturing capacity to foreign markets because of this. Yippee! The trade situation slowly becoming a mess. Imagine if more companies have to move or eat higher costs.
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- PRE MARKETSeptember 25, 2018 - 8:16 am
Futures are up after a good reversal for the NASDAQ/NDX off the 50 day moving average…AGAIN. This most important moving average has contained downside since late June. Many growth names held support/50 day yesterday. Some of the stronger names only pulled back to the 21 day. This keeps the market in good stead though we […]
- RADIO SHOW 9/24September 24, 2018 - 9:16 pm
- WEEKEND NOTESSeptember 24, 2018 - 8:38 am
Futures down…NASDAQ worse than DOW. Foreign markets pulling back after good week of gains. The thought process has not changed from anything we have been seeing. Two weeks ago, we wrote the report about “changing of the guard” in the market..and since, this is exactly what has happened. Relative strength in the market has been […]