The big story yesterday was the NASDAQ/NDX holding the 50 day average again…almost to the penny. The same thing happened at the end of June. This time led by AAPL which gaped and continued up. On top of that, AMZN got going again. Even the worst reactors like FB, NFLX and TWTR bounced enabling the…
SOURCE: https://archives.warpradio.com/btr/investorsedge/080218.mp3
Bad open this morning…can blame it on tariffs or just that last week we thought that TECH had topped for now as we go into the crappy Aug/Sept period. Either way, ease off the pedal. We have to make note that about 2-3 dozen growth names that were trading above support/50 day avg have now…
SOURCE: https://archives.warpradio.com/btr/investorsedge/080118.mp3
Eyes are on Apple (AAPL)…gapping up this morning on strong numbers…but in recent days, we have seen a ton of growth blow-ups. Even AMZN and GOOG, which gapped up on good numbers, sold off. Futures flat on the S&P but up on the NDX because of AAPL. Strong gaps this morning in MOH, PAYC, SODA,…
SOURCE: https://archives.warpradio.com/btr/investorsedge/073118.mp3
More of a tech wreck yesterday. Many are out saying it is nothing…it is a blip…just buy. That’s fine. We hope they are right. But evidence in so far is the big money is now selling growth and parking the money in value. We suspect that is something that only lasts a couple of days….
SOURCE: https://archives.warpradio.com/btr/investorsedge/073018.mp3
SOURCE: https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940
Futures off their lows…almost flat. CAT up almost $5 this morning…in the DOW. AAPL reports after the close tomorrow. A ton more names reporting….ones to watch: PFE, PG in the DOW. RL, SHOP, CHRW, HUM, RCL, SQ, STMP, BABA, TSLA, CTSH, ICE, REGN, YUM, W, ANET, GDDY, SHAK, WTW.
