Even though price is about the same as the previous two rallies, this one feels different. We are seeing beta/tech acting better. We are seeing a few names in that SOFTWARE group setting up or edging out of range. We are just feeling the overall tone as being much better. But: We are now starting…
Futures flattish and that is actually good news. Need some working off the latest surge off of extreme conditions both in price to the downside and bearish sentiment. This rally feels better than the last two. We completely doubted the last two as they were nothing more than bear market rallies. Both lasted less than…
SOURCE: https://archives.warpradio.com/btr/investorsedge/010418.mp3
Gross day yesterday but a gap to the upside today. Futures turned up when China eased overnight…again. Also, news of ANOTHER trade meeting even though everyone knows there will be trade meetings. The big economic story is a MUCH MUCH MUCH better than expected employment number as we are being told more than 300,000 jobs…
SOURCE: https://archives.warpradio.com/btr/investorsedge/010318.mp3
We are being asked quite a few times today whether the market can reverse back up today…so…in past weeks we have seen a 900 point reversal in 90 minutes…a 1,000 point rally out of nowhere in just a few hours and our actual favorite was NewYear’s eve day when the Dow rallied over 150 points…
APPLE (AAPL) down $14 this morning cutting about $65 billion in market cap. Futures down decently but off their lows from the overnight. It used to be weather or the strong dollar. Now all warnings are blamed on China. To take the positive side: Weak open yesterday…stronger close though the day had more wild swings….
SOURCE: https://archives.warpradio.com/btr/investorsedge/010218.mp3
With this poor open, just a reminder that the 200 day moving average is still around 25,000 and the 50 day moving average which has crossed below the 200 is still way above at approximately 24,600. The DOW is at 23,100 as we write this. That is a lot of territory between. This probably…probably means…
Darn it. We were actually going to lay low until this weekend when we hit you between the eyes on markets but: Before we even start, Mitt Romney, the Sybil of politics, went after Trump (we are no fan) in an op-ed in the Washington Post. We have one simple question for Mr. Romney. If…
