GK 8/20/14 The News TRANSCRIPT GARY: Its not the news, its how the markets reacts to the the news. Why am I saying this? Because in the last week, just letting you know, Macy’s lowered their numbers. The stock had a little mini gap down last week, it’s gone right back up to highs. Today,…
Today, Home Depot’s stock gapped up out of a long trading range. Volume was about 3x average volume. This is the type of reaction that automatically goes onto our radar screen. It does not mean it has to work. But from our studies of the markets, whenever action like this occurs, it is a wake-up…
“Investors face IPO frustration, missed earnings fuel market skepticism.” Out of the USA Today front page. “Initial Public Offers are supposed to be a great opportunity for investors to jump into the ground floor of the next big thing. But, it turns out that investors may be buying into companies that are about to disappoint…
FRIDAY’S EVENT-DRIVEN WHIPSAW The market opened well. The market was doing well, led by the Nasdaq and the Nasdaq 100. Now as you know, I am not one that believes in events and event driven things on a daily basis but I am going to have to give it today because, we hit 4481 on…
SOURCE: http://sharylattkisson.com/hhs-healthcare-gov-official-delete-this-email/
TRANSCRIPT GARY: Well, looks like we may just have another 5-10% correction…churn for a few days and forget the correction ever happened. This has happened 4 times previously in the past year. Just keep in mind, every rally up continues to take fewer and fewer stocks with it as well as an anemic number of…
In the pre-market, I want to talk about this King Digital. It was a $23 IPO and we questioned the IPO here for you, just like we questioned Groupon and Zynga. We questioned Facebook at $40 and watched it go down to $15 before finally kicking in gear. King Digital comes out and as we…
Most of you probably haven’t heard of Kate Spade, but they are apparel and accessories. It’s Liz Claiborne, Juicy Couture and Lucky Brand. I have been watching the stock for a while. Why? Because it is trading up near the tips, the tips near the highs. We waited to see what earnings will do. So,…
SOURCE: http://www.washingtonpost.com/opinions/dana-milbank-obama-vacations-as-the-world-burns/2014/08/11/58755e5e-21a5-11e4-86ca-6f03cbd15c1a_story.html
In case you did not know, many moons ago there was something called the Nifty Fifty. It kind of, sort of, got lost in the shuffle as to why it was called the Nifty Fifty. Many people have this idea that at the end of some big bull market everything was sold off except for…
