We are being asked quite a few times today whether the market can reverse back up today…so…in past weeks we have seen a 900 point reversal in 90 minutes…a 1,000 point rally out of nowhere in just a few hours and our actual favorite was NewYear’s eve day when the Dow rallied over 150 points…
APPLE (AAPL) down $14 this morning cutting about $65 billion in market cap. Futures down decently but off their lows from the overnight. It used to be weather or the strong dollar. Now all warnings are blamed on China. To take the positive side: Weak open yesterday…stronger close though the day had more wild swings….
SOURCE: https://archives.warpradio.com/btr/investorsedge/010218.mp3
With this poor open, just a reminder that the 200 day moving average is still around 25,000 and the 50 day moving average which has crossed below the 200 is still way above at approximately 24,600. The DOW is at 23,100 as we write this. That is a lot of territory between. This probably…probably means…
Darn it. We were actually going to lay low until this weekend when we hit you between the eyes on markets but: Before we even start, Mitt Romney, the Sybil of politics, went after Trump (we are no fan) in an op-ed in the Washington Post. We have one simple question for Mr. Romney. If…
SOURCE: https://archives.warpradio.com/btr/investorsedge/123118.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/122818.mp3
-On Wednesday, after 4,268 points to the downside, aunt Mary and uncle Bob left their house in their Toyota Supra and drove over to their EF Hutton office and told them to buy 100 shares of Digital Equipment. Around the United States, thousands and thousands of people got into their cars and did the same….
SOURCE: https://archives.warpradio.com/btr/investorsedge/122718.mp3
After 4,268 DOW points to the downside, the market finally got its counter trend rally. Too many are excited because of how big the day was. We hate to throw cold water but: “BEAR MARKET RALLIES ARE SHARP, QUICK, MAKE YOU FEEL GOOD, SUCK YOU IN AND BURY YOU SOON AFTER!” We coined this phrase….
