Don’t blink. Reversal up Monday, a reversal down Tuesday culminating with a nauseating drop into the close on Tuesday’s half day. Of course, we walk into a gap to the upside getting back some of the drop from Tuesday. But nothing has changed. Big picture is still that January 29 was a high that we…
Half day today. Still don’t know why they have these days. We told you yesterday that the NASDAQ/NDX were again holding the 50 day average. This led to a strong close…which is now leading to a pre-holiday strong gap. Simple as that. For this second, the leading areas held right where they needed to. This…
SOURCE: https://archives.warpradio.com/btr/investorsedge/070218.mp3
The NASDAQ/NDX held their respective 50 day moving averages today…so far. A good hold goes a long way in this leading area setting up to move again. The SOX not as good but looks like it held the longer term 200 day average…so far. The SEMIS are much weaker and have recently been an anchor….
We open a new quarter with more nausea. In spite of the supposed seasonal strength at the end of a quarter as well as the pre-holiday, markets are suspect. Frankly, that is being nice when looking at China and other countries as they are all gapping down again this morning. Our market had better not…
A friendly reminder that while masses protest the Trump administration for many of the policies Obama had in force, while the media who turned a blind eye to anything negative on Obama and only covers negative on Trump, while the right looks for another judge, while the left tries to block that judge, while Trump…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062918.mp3
SOURCE: https://www.cbsnews.com/news/families-earning-117000-now-qualify-as-low-income-in-californias-bay-area/
FINANCIALS will bounce today off of the fake stress tests. This enables some to raise dividends and buybacks….which indeed, some have already announced. FINANCIALS undercut support but will open on support this morning.
End of quarter, oversold, massive put buying and important support levels won the day yesterday and continue this morning. We have been telling you all week that it was end-of-quarter window dressing week. Of course, window dressing is illegal so does not happen. It finally hit yesterday and right where it was needed. The NASDAQ…
