RADIO SHOW 3/29
SOURCE: https://archives.warpradio.com/btr/investorsedge/032918.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/032918.mp3
Another grim day for just about everything tech/internet/growth/semis and all that stuff. We make note that it is now way stretched and oversold on a near term basis but that doesn’t mean they bounce. Amazing what can happen when an area is over-owned, over-loved and over-leveraged. Many are coming out defending all these names. We…
SOURCE: https://archives.warpradio.com/btr/investorsedge/032818.mp3
We pay a lot more attention to the big picture but needed to let you know those vital, vital, vital longer-term support levels are still holding. Go take a gander at the S&P right on the 200 day moving average. Go look where the DOW is sitting, in and around the Feb lows. The FINANCIALS…
DOW futures back to up just a wee bit but NDX futures hit as they are coming after AMZN and other high growth beta. End of quarter not helping so far.
Yikes: NVIDIA announces stopping the driver-less car crap for now. This leading stock drop $19. More trouble with FACEBOOK…that did not help. FACEBOOK trouble leads to TWITTER and GOOGLE smacked. TESLA continues to implode because when markets go on defensive, big money losers get clipped. Also, someone put out report saying they will be bankrupt….
SOURCE: https://archives.warpradio.com/btr/investorsedge/032718.mp3
Another decent gap to the upside this morning. Yesterday saw a much larger gap. “STOCKS REBOUND AS TRADE FEARS EBB!” That’s the type of headline we are seeing this morning. There always has to be a reason. But yesterday, Mnuchin stated they are going forward with tariffs. Yes, there were rumors we were negotiating with…
S&P almost to the penny hold of 200 day average which also held Feb 9. A bunch of potential double bottoms. A drop, a retest, a rally. Beta went nuts. Gap to the upside into end of quarter…which we warned you about. End of quarter moves off of oversold conditions can be vicious. We suspect…
SOURCE: https://archives.warpradio.com/btr/investorsedge/032618.mp3