After the close yesterday, we were convinced ANOTHER near-term low was put in on ANOTHER reversal at gargantuan, important longer-term support. We then added our usual recent worry about how far a reversal can move the market higher. After all, so many names and areas are not in very good technical shape. After all, volume…
Nice reversal yesterday but to us, less than meets the eye. Volume was light not indicative of a great washout but the good news is that longer term support continues to be just that, supported by the big money. But after scanning 2,000 names, not impressed. Will leave it at that for now. Of note:…
SOURCE: https://archives.warpradio.com/btr/investorsedge/050318.mp3
SOURCE: https://nypost.com/2018/05/03/another-reminder-that-smoking-absolutely-destroys-your-lungs/
Futures are down decently after an ugly reaction to the maniacal Fed. Remember, every time markets go lower, internals go south…and you do not want to see internals go south as indices are again heading towards vital long-term support. You know what we think can possibly happen if that occurs. Watch them FINANCIALS closely. They…
SOURCE: https://archives.warpradio.com/btr/investorsedge/050218.mp3
SOURCE: http://www.dailymail.co.uk/news/article-5682471/Three-Americans-detained-North-Korea-moved-RELEASED-mark-historic-summit.html
Can’t even wear a dress one likes without the pc police knocking down the door! SOURCE: https://www.usatoday.com/story/news/nation-now/2018/05/01/chinese-prom-dress-draws-rage-but-utah-student-said-she-meant-no-harm/567846002/
SOURCE: http://losangeles.cbslocal.com/2018/05/01/va-hospital-flies-surgeries/
Nice reversal yesterday…led by the SEMIS. We wrote to you in the middle of the day that something was up. But the SEMIS are just oversold and like many other things, defending the ALL-IMPORTANT 200 DAY AVERAGE. APPLE (AAPL) is up $6.50 this morning as we write this. It was up almost $4 yesterday. Numbers…
