Good close. We like good closes. Indices in some decent looking pullback wedges. Fed day is gone. Good! President gives relief to semis. Good news. Don’t change your mind. Do not think they are going to make this easy. New yearly high list still small.
SOURCE: https://www.spreaker.com/episode/fed-day-blah-blah-blah-05-07-2025–65982992
SOURCE: https://www.spreaker.com/episode/biotech-crash-05-06-2025–65951899
Never thrilled with weak closes. Normal pullback from big overbought…dont want to see it become abnormal. Powell tomorrow. Yippee! GOLD still on the go. India/Pakistan less than thrilling news.
Late day selling…and overdue. Oscillator bright red. Needs to be worked off. PLTR coughs one up but was very extended. Another tariff? Will know a lot more on if we pull back and how we pull back. And again, overdue. Need to wipe some smiles off faces.
SOURCE: https://www.spreaker.com/episode/the-cushy-lair-05-05-2025–65927742
SOURCE: https://www.spreaker.com/episode/another-wild-week-in-review-05-02-2025–65863262
More supposed easing of China tensions…market ramps. Cause and effect. Big tariffs, market down. Get rid of tariffs, market up. The worst areas broke back above the very important 50 day moving average. Needs to stick. Some darn good earnings reactions. Hopefully, they learned a big lesson.
SOURCE: https://www.spreaker.com/episode/the-big-stuff-05-01-2025–65833094
Crappy finish to a strong day. META and MSFT big names a big help but some distribution. META can’t get above the 50 day. Whatever they said helped AI names come out of the doldrums. Some had dropped over 50% peak to trough. Did we say market has gone coast to coast stretched one way…
