That was a crappy reversal today. Many blaming the news out of the Mueller investigation. But don’t fret it. We were waiting on the head of China’s speech tonight. Many believed he would make nice-nice on the “trade war” and walk things back. We have told all that at the end of the day, we thought cooler heads would prevail and there would be no war. Looks like China is playing nice-nice as they say they will open things up. The DOW went from up 440 to only up 40 but Dow futures are up 250…and it is early. The moves, the gaps, the reversals are assinine. Hopefully, those long term support levels hold and we can get out of here to the upside. More tomorrow.
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- PRE MARKET-MORE NAUSEANovember 16, 2018 - 8:22 am
As we were pre-taping radio yesterday and telling everyone we thought another A LOW was put in yesterday, AMAT, JWN and NVDA reported earnings. May we say that was three giant matzoh balls. The A LOW call is still in tact but markets, especially SEMIS and TECH not going to help the cause. That was […]
- RADIO SHOW 11/15November 16, 2018 - 8:13 am
- PRE MARKET AND MORE NAUSEANovember 15, 2018 - 8:30 am
Another rough day. Any more and you will see many pundits that have been bullish and fighting the ugly all the way down…all of a sudden, be bearish. Coming to a theater near you soon. “GLOBAL ECONOMIC SLOWDOWN DEEPENS!” That’s the headline on the front page of the WSJ this morning. But not sure we […]