CHART OF DAY-REGIONALS BELOW 50 DAY!
Market does not want to see more of this!
Market does not want to see more of this!
Just reminding you Neil Gorsuch in hearings today for the next Supreme Court Justice and FBI head James Comey will be grilled today on Russia hacks, wiretaps and all that stuff. Gorsuch is important because it keeps the Court on the “conservative” side. Dems are going to ask him and argue that they did not…
If the Trumpster goes after China, expect pushback..right or wrong. China will not just lay down. SOURCE: http://ca.reuters.com/article/businessNews/idCAKBN16R0PW-OCABS?sp=true
Earnings this week: Tuesday…after the close- FEDEX, NIKE…both important names. NIKE in the dow. Wednesday…before open…LENNAR…homebuilders been strong Thursday…after the close…MICRON…goes without saying important semiconductor name. Futures flat…not much happening…small downside opening in financials off of weakness Friday. Watching the all-important 50 day average for this group.
Recently, we told you to watch the financials as they were starting to show slight distribution. This is a no biggie until it becomes more than slight. On Friday, it started to get more than slight. We tell you to watch the financials because along with the semis, they have led the market upwards since…
SOURCE: https://archives.warpradio.com/btr/investorsedge/031718.mp3
Futures down a wee bit…but no biggie. Amgen (AMGN) down $13 on negative cholesterol drug news. Biotechs have been acting well. Not this morning. Other “cholesterol” names hit hard. Tesla (TSLA) prices condary at $262. Adobe (ADBE) the big gap to the upside on strong earnings.
SOURCE: https://archives.warpradio.com/btr/investorsedge/031618.mp3
Quiet day…just what one would want to see. Not much to take away. ORACLE with the big gap to the upside on boring numbers. Notice that the gap was distributed so nothing to do just yet. Housing continues…and should be looked at on pullbacks. A few names report next week. Biotechs finally coming in. Again,…
SOURCE: http://www.thewrap.com/trump-budget-killing-funding-pbs-npr-national-endowment-arts-public-broadcasting/