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
BY GARY KALTBAUM- OCTOBER 23, 2018 “The sea was angry that day, my friends – like an old man trying to send back soup in a deli.” George Costanza So let’s recap what we saw, what we said and where we stand: World markets turned bearish months ago and never came back. The U.S. market…
SOURCE: https://archives.warpradio.com/btr/investorsedge/102218.mp3
Futures are up…yippee! For a change, a strong last two days from China. China continues to ease even though they tell is economy grew at 6.5%. Hmm! Recently, while we have watched many flail away calling the bottom on every uptick, we have let the market dictate policy with its price action. To put it…
SOURCE: https://archives.warpradio.com/btr/investorsedge/101918.mp3
By Gary Kaltbaum- October 19,2018 In a sea of red, in a market where the average stock is so much worse than the major indices, in a market where a laundry list of industries are at or near new yearly lows, in a market where Netflix gaps up 30 points on great numbers and gives…
SOURCE: https://archives.warpradio.com/btr/investorsedge/101818.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/101718.mp3
Our concise thoughts: With yesterday’s action, we think the lows of the past few days hold for now. We would be surprised if it breaks any time soon. BUT…we do think we can pull back/retest. We say this because as we scanned 1500 names, 200 sectors, every country and every commodity, most stocks and stuff…
