-We are reprinting our weekend report for the pre-market but adding in the big pre-market move this morning: -Tale of the tape: -The DOW and S&P edge higher sitting about 1% above the March 1 high. The DOW is a wee bit stronger. -The NASDAQ/NDX hold the 10 week/50 day average after the 6/09 yonking….
Tale of the tape: The DOW and S&P edge higher sitting about 1% above the March 1 high. The DOW is a wee bit stronger. The NASDAQ/NDX hold the 10 week/50 day average after the 6/09 yonking. We are not so sure the ugly is over. Lots of near term damage has been done but…
Amazon is buying Whole Foods Markets…for $42 cash ($13.7 billion). Beats the hell out of us! Amazon stock originally down $15 on the news is now up $16. Wal Mart, Target, Costco all down decently on the news. We understand Amazon wants to deliver everything including babies being born…just not sure what this means. Will…
We cannot tell you how important it is to watch the moving averages for the NASDAQ/NDX and the names that have led in that space. Most all in pullback mode towards moving averages. Will be vital to hold. A break below would not help. The good news, again, money flows have found lower beta areas…but…
SOURCE: https://archives.warpradio.com/btr/investorsedge/061518.mp3
Specifically, the NASDAQ/NDX/SEMIS remain under some pressure but let us take the good side of the coin. All have pulled back to and near their respective 10 week/50 day moving averages and so far held. The SEMIS are the stronger of the 3. On top of that, our proprietary list of strong growth names show…
~The following is our report from this past weekend. It was titled “CHANGING OF THE GUARD!” It was our thought process that the winds were changing. Leading groups were now done and it was now important to watch other areas come to the fore. So far, they have but time will tell. Yesterday’s action showed…
Our stance remains the same. Darn good chance there is a changing of the guard as the leading Nasdaq/NDX/Tech/internet/semis and all that stuff look like last week’s high volume drop from very extended conditions is it for now…for now. You can see it in the market again today as the Dow ended up but the…
SOURCE: https://archives.warpradio.com/btr/investorsedge/061418.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/061318.mp3
