While the market continues to crash, need to listen to Glenn Frey!
Source: https://www.youtube.com/watch?v=WeNBspJGVko
LOOKING FOR WASHOUTS!
“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…
Technicians ‘Fibonacci Queen’ Carolyn Boroden, Gary Kaltbaum, ‘IBD’ Nail Market Top
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!
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…
The Morning Look
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…
How the 2016 presidential election could impact U.S. banks @FoxBusiness
https://video.foxbusiness.com/v/4712153770001/how-the-2016-presidential-election-could-impact-us-banks/?#sp=show-clips
IBM Revenue Falls for 15th Straight Quarter @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/19/ibm-revenue-falls-for-15th-straight-quarter.html
Twitter Goes Down for Some Users @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/19/twitter-goes-down-for-some-users.html
Investors target Viacom in suit on Redstone pay, call for change
http://www.reuters.com/article/viacom-redstone-lawsuit-idUSL2N1531R3
More Great News! Global unemployment rate to slip lower next year, ILO says
http://www.reuters.com/article/us-global-economy-employment-idUSKCN0UX2PD