-The markets rallied off of some of the most stretched, extended and oversold conditions we have seen in a long but:- -Every major index except the DOW, almost every sector and most countries still trade UNDER the LONGER-TERM 200 DAY MOVING AVERAGE.- -Leadership remains almost nil with mostly defensive names showing the best relative strength….
SOURCE: https://archives.warpradio.com/btr/investorsedge/110218.mp3
Greetings from our offices in Amsterdam. (sarcasm) On Wednesday morning, we called A low based on excessive pessimism, excessively stretched and extended to the downside combined with the strong close on Tuesday. But dang! Way way better than we would have thought but then again, this happened in February also. Right after A low was…
SOURCE: https://archives.warpradio.com/btr/investorsedge/110118.mp3
Another up day. Just be careful. As we screened 1500 stocks, 200 sectors, many countries and commodities, it seems to us we just have a “beyond oversold” rally of unknown price and time. The MAJOR TREND does not change on two days up. Just about everything still trade BELOW the 200 day average with the…
SOURCE: https://archives.warpradio.com/btr/investorsedge/103118.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/103018.mp3
Futures were strong earlier but now down…down much more on the NASDAQ/NDX. Big TECH continues to be yonked. We were even surprised how weak the market was yesterday. When a market is stretched. extended and oversold, bounces usually occur. So far, they haven’t lasted a day. Continue to sit back and be patient. Our thesis…
SOURCE: https://archives.warpradio.com/btr/investorsedge/102918.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/102618.mp3
