Futures are down decently after an ugly reaction to the maniacal Fed. Remember, every time markets go lower, internals go south…and you do not want to see internals go south as indices are again heading towards vital long-term support. You know what we think can possibly happen if that occurs. Watch them FINANCIALS closely. They…
SOURCE: https://archives.warpradio.com/btr/investorsedge/050218.mp3
SOURCE: http://www.dailymail.co.uk/news/article-5682471/Three-Americans-detained-North-Korea-moved-RELEASED-mark-historic-summit.html
Can’t even wear a dress one likes without the pc police knocking down the door! SOURCE: https://www.usatoday.com/story/news/nation-now/2018/05/01/chinese-prom-dress-draws-rage-but-utah-student-said-she-meant-no-harm/567846002/
SOURCE: http://losangeles.cbslocal.com/2018/05/01/va-hospital-flies-surgeries/
Nice reversal yesterday…led by the SEMIS. We wrote to you in the middle of the day that something was up. But the SEMIS are just oversold and like many other things, defending the ALL-IMPORTANT 200 DAY AVERAGE. APPLE (AAPL) is up $6.50 this morning as we write this. It was up almost $4 yesterday. Numbers…
SOURCE: https://archives.warpradio.com/btr/investorsedge/050118.mp3
One of the worst groups recently has been the mega-important SEMICONDUCTORS (SOX). Today, it has been showing relative strength from the get go. When the DOW was down 350 at its lows, the SOX was flat to up. This enabled the NASDAQ/NDX to also outperform the DOW markedly today. When you have a second, go…
SOURCE: https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record
Since hardly anyone reports this, we will: The Treasury (our tax dollars) said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated. Think about it. Those wonderful human beings in DC from Ryan, McConnell to Pelosi, Schumer had to borrow…
