“LOOKING FOR WASHOUTS!” We do not predict washouts. We have no idea when washouts occur. We just know that often, severe market drops end on a gargantuan washout day. When one occurs, one needs to react because washouts and bear market rallies are usually strong. A washout day does not end the bear market but often will end…
Last night on CNBC’s Mad Money, host Jim Cramer spent a good chunk of the program talking about Fibonacci levels in the stock market and how a seeming correct interpretation of them led market technician Carolyn Boroden, who goes by the handle “Fibonacci Queen,” to become bearish in July 2015, as reported by Yahoo Finance….
Greetings from Davos. Just kidding! WE’RE NOT IN DAVOS! We couldn’t even get invited to the Bronx! Not that there is anything wrong with the Bronx. But we are in beautiful Orlando, Florida where it feels like Davos with a low of 30° today. That freakin global warming! As we write this, another major gap to the…
Stock Market Overview: Stock futures are down sharply before Wednesday’s open as investors continue to unload their positions. Oil prices fell overnight to a new multi-year low and continue to implode. This relentless selling further signals what Gary has been telling you for months: markets across the globe are forecasting a recession. Gary’s Thoughts: Soon the rest…
https://video.foxbusiness.com/v/4712153770001/how-the-2016-presidential-election-could-impact-us-banks/?#sp=show-clips
http://www.foxbusiness.com/markets/2016/01/19/ibm-revenue-falls-for-15th-straight-quarter.html
http://www.foxbusiness.com/markets/2016/01/19/twitter-goes-down-for-some-users.html
http://www.reuters.com/article/viacom-redstone-lawsuit-idUSL2N1531R3
http://www.reuters.com/article/us-global-economy-employment-idUSKCN0UX2PD
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