A big up day ends not so big…though strong TRANS,SEMIS and SMALLCAPS for a change. We do suspect there is a bounce of consequence out there as the recent drop usually gets worked off with some upside. But there was something else we saw that caught our eye. A fedhead named Williams, by no accident,…
The TRANSPORTS open up 175 points on the back of a proposed buyout in the RAILS…and finish down 175 points. This is indicative of major institutional distribution. The maarket teases the upside and downside throughout the day…only to melt down again into the close. This is indicative of major institutional distribution. Just about every pundit…
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Markets reversed on heavy volume yesterday off of nauseating lows as THE FED CHANGED THEIR STANCE AGAIN. This column has noted for years that the Fed is doing everything in their power to stop markets from going against their wishes. So…in an about face, instead of a time table for raising rates…it is now WE…
Europe, the dollar, Isis, Ebola, George Bush, Geno Smith…there are tons of reasons pundits are spewing on why the market is getting in trouble. But so far, I haven’t seen one mention the money printing. Not one mentions the direct correlation between THE MONEY PRINTING AND THE STOCK MARKET. Tonight, we will recap all the…
SOURCE: http://nypost.com/2014/10/07/jazz-make-the-most-adorable-nba-signing-youll-ever-see/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow
The DOW down 17 points. The RUSSELL 2000 down the equivalent of 160 DOW points. Really not much more to say. If nothing changes, it is only a matter of time before the more popular indices follow suit. I continue to use the 3 words…”if nothing changes!” Normally, these words would not be used. But…
Excellent hold at vital support on Thursday leading to the fake job’s number on Friday…which led to a strong move. The Russell held the 1080 for the 4th time in a year while the S&P held the 150 day average again. I was asked why is the 150 day average so important now. Simple…it is…
Russell 2000, the weakest area…hit the 1080 area for the 4th time in the past year and held on a decent size reversal day. The S&P held the 150 day moving average for the umpteenth time over the past 13 months and had a decent size reversal day. That’s your near-term low. What does near-term…
Over the weekend, we finished our report with these words: “Simply put, if the large cap areas start breaking the 50 day average, that would be the next shot across the bow as it would tell us the big boys are following suit. We started to get some of that last week but Friday’s action…
