Today sucked. When markets open hot and finish badly, that is distribution. Coming after a very strong day, quite disappointing. DEFENSE, MANAGE CARE, BIG BIOTECHS worsening tops. Other HEALTHCARE may be topping. Juice today was in the worst high beta/tech areas but also came in hard by end of day. Maybe a better day tomorrow.
SOURCE: https://www.spreaker.com/user/10863617/ie-01-09-2223
Mix in one part crappy economic numbers. Stir in strong bond market reaction tanking yields. Add a dash of plunging dollar. What do you get? The market held the lows of past three weeks and ramped off of it. The market now gets the chance to get back some of that ugly December.
SOURCE: https://www.spreaker.com/user/10863617/ie-1-6-23
Major indices walking towards the ledge of the past 3 weeks. Goal line stand needed Themes mentioned past 2 days as breaking down…worsen…especially solars and managed care. High beta screen getting negative again. These names in brutal bear markets. CHINA names actually mostly green again in spite of indices. More names that held up best…cracking.
SOURCE: https://www.spreaker.com/user/10863617/ie-01-05-23
1) Regardless of indices whipsawing all over the place, advance/declines very strong. It’s one day but it matters. 2) GOLD/GOLD NAMES edging out of range. 3) CHINA ADRs en fuego with many moving above near term range. 4) But areas we just called tops on not good today with some gagging. 5) Managed care, defense,…
SOURCE: https://www.spreaker.com/user/10863617/ie-1-4-22
1) Dow leads again…NASDAQ lags…not good. Though, a/d not so bad today. 2) Pay no attention to reported 133 new highs on nasdaq. Most spacs that dont move and just 3 names. 3) SOLARS, ENERGY, MANAGED CARE BIG BIOTECH WQRSEN. 4) Market opens hot and sells off. We’ll take it that it rallied towards close…
SOURCE: https://www.spreaker.com/user/10863617/ie-1-3-22
