Did you see the Dax yesterday…down 120 because the ECB made no noise about massive printing of money. After all, they have been teasing. But soon after, it is announced that in January, the ECB will create massive amounts. This is on top of Japan, China and all the 0% interest rates around the globe….
Investors Edge – Hour 1
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Like a broken record, major indices remain stretched, extended and overbought while bullishness has become rampant. In fact, our sentiment numbers are almost surpassing the numbers we have seen when the market was topping into October. But everyone continues to ease…everyone is printing money…central bankers do not shut up about the potential for more QE…
Investors Edge – Hour 1
We are watching the big financials here. BAC,C,GS,JPM,MS,WFC are all acting constructively. If they can break out of the range-bound action they have been in, be rest assured there will be more upside in the market. As we have told you forever, if big finacials and the semis are acting well, there is no chance…
Investors Edge – Hour 1
We had a report about yesterday’s icky action all set for you. We could have talked about any number of things…the Russell again leading on any down move, the Regional Banks rolling over and a few other tidbits but only one thing stood out for us. It is the same thing that stopped the markets…
Investors Edge – Hour 1
