Crummy close into the front running China news leaked at end of day. That news…they will lower the tariffs going into the weekend. They forgot massive overhead resistance soon. That UK deal is fine. Have a lot more great reactions to watch.
SOURCE: https://www.spreaker.com/episode/big-time-resistance-05-08-2025–66005045
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.
