We wrote the following report the day after the June 9th debacle in tech/internet and all that stuff. We were not kidding. We believe today’s action confirms our interpretation of what happened on June 9th. Read every word but we put in bold the more important lines. We do expect more nausea notwithstanding violent bounces….
SOURCE: https://archives.warpradio.com/btr/investorsedge/062718.mp3
When you have a second, go check out yields as they move off their lows today. Yields had been drifting lower. Maybe a short term turn has been made as yields start to head higher. So what happens? FINANCIALS get going again. There remains a direct correlation between big and medium financials and yields. The…
S&P futures almost flat but NASDAQ/NDX futures down decently because: GOOGL down $12 as European anti-trust wants to fine them 2.4 billion euros for skewing searches in their favor…and just overall sloppy action yesterday in tech/internet. To be watched…ESPECIALLY THE SEMIS. OIL prices strong this morning. Energy remains in a bear market but a word…
We never like strong opens and weak closes. Watching the SEMIS and the big TECH/INTERNET and all that stuff. We are less than thrilled with the pattern on the SOX as it drops and wedges up. And now the potential for the same in a lot of tech names . Also, the biggies are now…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062618.mp3
The mystery gap to the upside has already faded into the red for the NASDAQ-types/SEMIS. Our big worry of half the SEMIS in bad shape has to be watched as the SOX has rallied up but… Seeing a few ugly wedges in other SEMI names. Watching real closely here as the 50 day held on…
We try to be very careful with our words here. There are too many calling for 5,000 DOW and just as many calling for 50,000 DOW. You know what we mean and you must know, they are usually selling something. We have never called for crashes. We have never called for melt-ups. We do call…
BIOTECHS blasted out of the big base set-up we told you was occurring. It is now very extended but thinking this is for real. Pullbacks should be looked at. REGIONAL BANKS look the opposite as many are rolling over. Watch the KRE. A break below $51 would be a big negative. The SEMIS still holding…
Who said this? “The Republican health care plan: “Don’t get sick. The Republicans have a back up plan in case you do get sick. This is what the Republicans want you to do. If you get sick America, the Republican health care plan is this: Die quickly!” This was not said in the past week…
