RADIO 5/28
SOURCE: https://archives.warpradio.com/btr/investorsedge/062818.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/062818.mp3
After dropping 168 NASDAQ points in 2 days down almost to the penny to the 50 day average…good bounce today into the end of quarter, pre-holiday period. A few things to remember: BIOTECHS still in shape. They were hit yesterday but technically, still fine. Helping out today. The SOX is sitting around the 50 day….
We are always amazed when life-long government bureaucrats think they know better than business owners on how to run their businesses. There is a simple formula. Go too far in mandating higher costs to business owners without commensurate productivity gains and business owners will eventually figure out how to cover for the higher expenses. Well,…
As a die-hard New York Knicks fan, we are thrilled to wake up and see Phil Jackson is gone. Phil and is .350 record running the team destroyed the team. But unfortunately, Dolan remains the owner. We love central banks. As you know, we still believe we are in the midst of a gargantuan central…
We wrote the following report the day after the June 9th debacle in tech/internet and all that stuff. We were not kidding. We believe today’s action confirms our interpretation of what happened on June 9th. Read every word but we put in bold the more important lines. We do expect more nausea notwithstanding violent bounces….
SOURCE: https://archives.warpradio.com/btr/investorsedge/062718.mp3
When you have a second, go check out yields as they move off their lows today. Yields had been drifting lower. Maybe a short term turn has been made as yields start to head higher. So what happens? FINANCIALS get going again. There remains a direct correlation between big and medium financials and yields. The…
S&P futures almost flat but NASDAQ/NDX futures down decently because: GOOGL down $12 as European anti-trust wants to fine them 2.4 billion euros for skewing searches in their favor…and just overall sloppy action yesterday in tech/internet. To be watched…ESPECIALLY THE SEMIS. OIL prices strong this morning. Energy remains in a bear market but a word…
We never like strong opens and weak closes. Watching the SEMIS and the big TECH/INTERNET and all that stuff. We are less than thrilled with the pattern on the SOX as it drops and wedges up. And now the potential for the same in a lot of tech names . Also, the biggies are now…
SOURCE: https://archives.warpradio.com/btr/investorsedge/062618.mp3