Futures up nicely this morning. Markets have been tailing off recently but in minor league fashion as the 21 day has contained any drop. Of course, small caps are a lot worse as the Russell has broken below the 50 day as well as Transports. But until the big guys break, don’t sweat it…just know…
SOURCE: https://archives.warpradio.com/btr/investorsedge/030918.mp3
Market had a chance to sell off today…AND DID NOT! But we are still in what we would call stalling/pullback mode. Of note: COMMODITIES continue to swoon. Oversold oils bounced a little but that’s all. The RUSSELL continues lower underneath he 50 day average. The TRANSPORTS fell below the 50 day average also…not the greatest of…
All roads lead to easy money forever. They think they are heroes. SOURCE: http://www.foxbusiness.com/markets/2017/03/09/european-central-bank-leaves-interest-rates-unchanged.html
A few thoughts and the markets: What’s the big difference between Obamacare and Trumpcare? Oh…you can’t think of something either. We actually don’t blame Trump. The fact is once an entitlement is put in place, it never goes away. The left’s goal was to get the country conditioned that health insurance was another “right” to be…
Futures on the quiet side but themes still playing out: Namely the continued busting up of commodities. Oil prices hit again today after yesterday’s breakdown and all other commodities getting whacked…gold,silver,copper and all that stuff…all should continued to be avoided at this juncture. Not much in the way of earnings…Gapping up: SMTC / Gapping down:…
SOURCE: https://ia601502.us.archive.org/13/items/170308.output/170308.output.mp3
We said yesterday that more and more areas getting distributed. It worsened today but we must tell you, not that bad. For sure, continue to avoid commodities, oils and the like as oil prices broke down today and most commodity names are cracking through support/moving averages. This includes gold/silver also. t just looks like…
