After watching central banks go to negative rates…after watching central banks print over $20 trillion…after watching central banks take that conjured up $ to buy up bonds…after watching central banks buy up bonds to rig and manipulate interest rates down…after watching central banks buy up bonds to rig and manipulate interest rates down, screwing savers…NOW…
Dow has been working…other indices have been sitting…as of recent. That may change today. Futures up nicely…no news except market likes earnings, Asian markets strong. Other markets strong. Before another word, let’s see outcome today. Except for transports, major indices remain nicely above support/moving averages. Gaps of note: SHOP breakaway gap. Strong name. Company loses…
It feels like the DOW can run some here but so far, it is without the transports, without some of the previous mega-cap tech/internet as well as the lagging stuff. But the DOW acts well. Just letting you know in the past 5 days, the DOW is up 378 points with Boeing (BA) about 200…
SOURCE: https://archives.warpradio.com/btr/investorsedge/073118.mp3
We think the NASDAQ/NDX and all that stuff is still working off of the ugly reversal/selling from this past Thursday. We suspect there is more time and price. Notice the selling today off of another mystery Monday gap to the upside. It does not help the NDX that AMAZON and GOOGLE reacted poorly to earnings….
If memory serves me right, just about every Monday has a positive open to it…same this morning. Lots of earnings this week but most of what we call “the biggies” have reported. This week: Not much Monday. Tuesday- CME, CMI, ETN, IPGP, MLM, PFE, RCL, SHOP, SNE, COHR, FISV, HLF and APPLE reports after the…
In no particular order: Watching gold stocks for first time in a while. 2 names sticking out as strength are low priced IAG and higher priced RGLD. A move above $23.06 would be important. Other commodity names like BHP and RIO still act well as the price of copper (JJC) broke out. OIL prices doing…
SOURCE: https://archives.warpradio.com/btr/investorsedge/072818.mp3
AMZN gapping down $32. It was up $30, finished down $6. Now down to breakout point. $1000 number important to hold. BIDU accelerating numbers…gapping out of base this morning. Big NASDAQ reversal yesterday…and it was not the good kind. The DOW saved the day ramping into the close…but after scanning, you can tell the boys…
SOURCE: https://archives.warpradio.com/btr/investorsedge/072718.mp3
