Markets

Markets reversed down yesterday off the fed as financials led down. This is to be watched. Very poor action combined with the poor action in the semis give us pause. BUT most indices remain fine…most. A glance at the mid caps and small caps (MDY and IWM) show both breaking slightly below the 50 day…

Futures are up after a good reversal for the NASDAQ/NDX off the 50 day moving average…AGAIN. This most important moving average has contained downside since late June. Many growth names held support/50 day yesterday. Some of the stronger names only pulled back to the 21 day. This keeps the market in good stead though we…

Futures down…NASDAQ worse than DOW. Foreign markets pulling back after good week of gains. The thought process has not changed from anything we have been seeing. Two weeks ago, we wrote the report about “changing of the guard” in the market..and since, this is exactly what has happened. Relative strength in the market has been…

GTX Inc (GTXI) has been trading since 2004. In the 2000s, it traded as high as $234. At those highs, it gave the company a $5 billion+ market cap. This in spite of the fact the company has never had any sales…not earnings…sales. Fast forward 14 years to yesterday. The stock closed just over $23,…

Strong day yesterday. Noticing a bunch of pundits not believing the move. We have news for them…price is smarter than them. As we told you, we thought a decent low was being put in for the REST OF THE WORLD. It has been the rest of the world that have been holding back markets. We…