THE CLOSE
Hope you paid no attention to the Dow today. We knew something was up when the Dow was down 200 but the NASDAQ/NDX was turning green.
Today was a strong market day. Today was a strong reversal day…regardless of the DOW. The A/D on the NASDAQ is 20-8. Even the A/D on the NYSE is 17-11. On top of that, the Russell is up over 1.5%. The SOX is up over 1.5%. Add in glamour growth being very strong and you have another “A” low after a 1600 point DOW drop over past days. We also want to add the NASDAQ/NDX/SOX finishing above the 50 day.
We will have more over the weekend. Just know the boys defended very well today, albeit after a big drop.
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Hi Gary. Regarding the oscars I haven’t watched them in many years. In one of the most ugly career choices, somebody pretends to be someone else, and makes big dough. That’s not enough as many must preach their left wing beliefs all over everywhere, too dumb to realize I won’t go to their movie, knowing their personal political or their sexual behavior. On top of that, can they be more self-worshipping? Emmys, oscars, tonys, what else? Just downright sickening. What other career worships themselves more? Police? Firemens? Military? Buff radio personalities? Nope. Anyway those awards shows make me want to puke!
Thanks G !