Take a close look at all the financials…most all have rolled over. Most have broke near term support and most have broken the 50 day moving average. Most have very big volume. Since financial led the market up from the election, it is not a reach that if it continues, it leads market down. After…
FINANCIALS are indeed now rolling over badly…taking the market down. To be clear, we do not know whether this is of short term consequence or something more…but to repeat, we have not even had a 2% correction since the election. Two words come to mind…WAY OVERDUE. Markets do go down every now and then!
SOURCE: http://nypost.com/2017/03/20/20-trillion-debt-deserves-as-much-attention-as-dow-hitting-20000/
SOURCE: http://www.foxbusiness.com/markets/2017/03/21/apple-unveils-updated-ipad-with-lowest-ever-price.html
Futures are up a wee bit with NASDAQ-types a wee bit better. Not much happening here as markets been sitting for 3 weeks. But notice…markets still cannot correct for even 2%. So we are sector specific until indices go one way or another. But the motto has been if they cannot send em down, eventually,…
We think the market was paying more attention to Capital Hill today than anything else but: As we have stated…watch them financials…and today, another day of some distribution. Needless to say, they have led this move up. Other than that, not much else to take away from today…maybe tomorrow.
SOURCE: https://archives.warpradio.com/btr/investorsedge/032018.mp3
Market does not want to see more of this!
Just reminding you Neil Gorsuch in hearings today for the next Supreme Court Justice and FBI head James Comey will be grilled today on Russia hacks, wiretaps and all that stuff. Gorsuch is important because it keeps the Court on the “conservative” side. Dems are going to ask him and argue that they did not…
If the Trumpster goes after China, expect pushback..right or wrong. China will not just lay down. SOURCE: http://ca.reuters.com/article/businessNews/idCAKBN16R0PW-OCABS?sp=true
