Dow and more importantly, S&P are on the verge of breaking out of a 3 month trading range. The pullback at its low was only about 3%. Last week looks like it was nothing more than a scare day off of the naming of a special counselor to investigate the Russia stuff. Keep in mind,…
After last week’s yonking, it “feels” like major indices will break range again to the upside. All it would take is one good day. This is happening with no help from retail, from energy, from commodities, from financials, from small caps and other places. Need not say more as we head into the pre-holiday, normally…
SOURCE: https://archives.warpradio.com/btr/investorsedge/052418.mp3
NDX futures up decently…S&P futures just above flat. NASDAQ/NDX continue to get the money flows. Gaps to downside: LOW, TIF, AAP, DY, BG, UHS. To the upside: INTU. BG was rumored to be bought yesterday…says no rumor today…gives it back. Be careful! AAP adds to the auto parts retailing misery after AZO being smoked yesterday….
Not a lot to take out of market today. Yes, the housing stocks reversed down on good earning’s news. Yes, the financials were strong as long rates backed up. Yes, leading growth names as well as the semis pulled in. And yes, Autozone (AZO) was smoked. We had been telling you to avoid almost anything…
We dare speak the truth on budgets and federal spending and deficits and debt. SOURCE: https://archives.warpradio.com/btr/investorsedge/052318.mp3
-Trump proposes a $4.1 trillion budget, the most ever…and THEY complain. -Last year, we sent them $3.3 trillion and they still couldn’t balance the budget…and THEY complain. -Every program grows in size again but THEY complain. -Last month, the taxpayer…we repeat…THE TAXPAYER spent $34 billion on JUST INTEREST PAYMENTS yet THEY complain. -$34 BILLION DOLLARS JUST TO…
Futures are up. Europe is up. The UK is up. What? How can that be? We just had another terror attack. This one targeting innocent children and teenagers. All they were guilty of was attending a concert for one of their favorite pop stars. First off, our prayers go out to all affected. Unfortunately, no…
SOURCE: https://archives.warpradio.com/btr/investorsedge/052218.mp3
