Not a thrilling day yesterday…but ramped a bit into the close as the confusion out of the White House continues on trade. We think we heard 3 different stories yesterday. We are of the camp that yesterday’s highs will be the highs for now but earnings earnings earnings. This morning, DOW futures best as IBM…
SOURCE: https://archives.warpradio.com/btr/investorsedge/012218.mp3
Futures down but that’s after being up another 300+ on Friday. We are actually in hopes of pullbacks. Markets need one or two to set things up better. Maybe this starts one. Most all early weakness has been bought so far. Massive amount of earnings next two weeks. Patience here. More tonight.
SOURCE: https://archives.warpradio.com/btr/investorsedge/011818.mp3
We are not going to complain about the fake China trade news that moved markets yesterday. We just want to concentrate on: The reaction was good…and now we have another little gap to the upside this morning. The DAX, the CAC and the FTSE break above the 50 day average this morning. This on top…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011718.mp3
Most notable is how FINANCIALS have been reacting whether numbers good or not so good. JPM, PNC open down on misses and rally up. Names that beat ramp up…like a GS. MS misses this morning…but only down a wee bit. There is no way the bear resumes unless FINANCIALS roll over again. Notable: China unleashes…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011618.mp3
First: https://www.cnbc.com/2019/01/16/chinas-central-bank-injects-record-amount-to-stimulate-economy.html So China going all out, for the economy or for the market or for both. Either way, the easy money, government-induced, central bank-induced markets continue…and until they stop having influence, you must obey. Since the “Powell switch,” markets act well. Yesterday was a good beta day leading to many set-ups as we…
SOURCE: https://archives.warpradio.com/btr/investorsedge/011518.mp3
