Markets

SOURCE: https://archives.warpradio.com/btr/investorsedge/080918.mp3

“NORTH KOREA AND THE GENIUSES!” By Gary Kaltbaum- August 9, 2017 Disclaimer: Expect a couple of expletives. Could not help it. Serenity now! Disclaimer: I continue to give Donald Trump about a 3-4 out of 10. I do not like his lack of presidential acumen. I do not like the many “untruths!” I do not like…

NDX futures down a big 50…S&P down much less percentage-wise…50… North Korea front and center…more on that in another report. Markets moved down on North Korea yesterday. We think that’s part of today but also…lots more blow-ups. DIS on blah numbers…and ESPN issues. And personally, tired of turning on ESPN  and not seeing highlights but…

Good semis day yesterday. Good beta day yesterday. Semis are meaningful to our work as they lead up and lead down. You can see the SOX/SMH holding the 50 day. Now we can see if it breaks out again. China ADRs en fuego yesterday. Many report this week. Not thrilled that they ran in front…

Those that follow our psychopathic ways know how important the semiconductors are to our work as they really do lead markets. Just go take a gander going back a couple of decades. In recent weeks, the semis had been weak. The June 9th ugly topped them out. The July 5th action started a low. Just…

Quiet morning with a little bump to the upside in NDX as names like AAPL, AMAZN with a small move. Since you asked: AAPL gapped up. So far, just sitting. It is sitting right near the old highs from May. This is the 2nd decent sized gap in this name in the past 6 months….

There are lots of things we can complain about. For starters: A ton of blow-ups during earnings season.  COHR, ULTI, AAOI, MELI, EFII, ESL, PI, VECO and a bunch others. TRANSPORTS act porrly and under-perform. NEW HIGHS vs NEW LOWS are pitiful. In fact, there were more new lows than highs on the Nasdaq a…