Futures were strong earlier but now down…down much more on the NASDAQ/NDX. Big TECH continues to be yonked. We were even surprised how weak the market was yesterday. When a market is stretched. extended and oversold, bounces usually occur. So far, they haven’t lasted a day. Continue to sit back and be patient. Our thesis…
SOURCE: https://archives.warpradio.com/btr/investorsedge/102918.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/102618.mp3
BIG GAP TO THE UPSIDE IN THE PRE-MARKET….NO REAL NEWS EXCEPT IBM BUYING RED HAT IN WHAT WE BELIEVE IS AN ACT OF DESPERATION…AND THEY OVER-PAID. WE WROTE THIS REPORT OVER THE WEEKEND BEFORE THIS MORNING’S GAP! The evidence at hand is all one really needs yet so many continue to turn a blind eye…
By Gary Kaltbaum October 26,2018 We were asked on tv yesterday whether it was good that right after a 600 point drop, the market got back 400 the next day. We simply replied that we did not see it as down 600, up 400. We saw it as down 2400, up 400. In other words,…
SOURCE: https://archives.warpradio.com/btr/investorsedge/102518.mp3
The trees….short term moves…a 1 out of 10 on the importance scale. The forest…bigger picture…a 10 out of 10 on the importance scale. Too many want to call the bottom. Too many playing in the trees. When you have a chance, go check out the charts of the DOW, S&P, NASDAQ, NDX, SOX, XLF, KRE,…
SOURCE: https://archives.warpradio.com/btr/investorsedge/102418.mp3
Wild day yesterday. WE CONSIDER YESTERDAY A DECENT REVERSAL YESTERDAY UNTIL OTHERWISE. We outlined the potential for a reversal yesterday morning only because good reversals occur on a break of support off of a wicked open. We can never predict one happening…just outline when one could happen. Another word for a reversal is a washout….
SOURCE: https://archives.warpradio.com/btr/investorsedge/102318.mp3
