End of quarter, oversold, massive put buying and important support levels won the day yesterday and continue this morning. We have been telling you all week that it was end-of-quarter window dressing week. Of course, window dressing is illegal so does not happen. It finally hit yesterday and right where it was needed. The NASDAQ…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062818.mp3
SOURCE: http://theweek.com/speedreads/781952/minimumwage-worker-venezuela-could-afford-5-cups-coffee-each-month–nothing-else
The DOW had a chance to hold the 200 day. The S&P had a chance to hold the 50 day. In fact, markets were very strong out of the box yesterday…but that big reversal changed it up. AS WE HAVE TOLD YOU, more than half the market was already in different stages of bearishness with…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062718.mp3
Personally, always thought why people were forced to give. What happen to free will? SOURCE: http://www.latimes.com/politics/la-na-pol-court-unions-fees-20180627-story.html
Never mind. Yup…never mind. The president changed his stance on China. The president will not be as harsh on China. What happened? Markets were going down. Yes…they are listening to me. We have stated on radio and tv that their stance on China and the rest of the world would hurt markets. If markets went…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062618.mp3
S&P and DOW futures up a wee bit. NDX futures better as market bids up the mega-cap names early after a decent drubbing yesterday. REMINDER…END OF QUARTER AND JULY 4TH NEXT WEEK. NORMALLY A POSITIVE BIAS. Wouldn’t know it by yesterday. BUT….as you know, before this week, more than half the market worrisome and now…
Well that was interesting. To take the positive side…it is still end of quarter window dressing coming up along with the July 4th holiday…usually a decent bias. The DOW again on the 200 day average where is held April 2 and May 3. Best hold. The XLF back to the important lows for the 5th…
