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.
201 S Orange Ave.
Orlando , FL 32801
Toll Free: 888-422-5559
- PRE MARKETJuly 19, 2018 - 8:41 am
Lots of jello moving on the plate during earnings season. Yesterday, nice breakaway moves in ASML, CSX, GWW, NTRS….BRKB moved on potential to buy back stock. This morning…DHR good reaction but: Gapping down this morning: EBAY, DPZ, AXP, TRV, PM, SAP, UNP Futures down this morning but no biggie. From yesterday…great move in TRANSPORTS…an area […]
- 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.