Another travel report today…clear and concise! The only way to describe a market that is stretched and extended and overbought is RELENTLESS. All we have to do is report to you the news. The worst areas of the market have turned the corner and moved above initial resistance areas. This includes small caps, mid caps,…
Travel version report: Yes…our Mets lost but hats off to a persistent Royals. The Mets did hand them a few but they still had to pitch and hit. Just like the Royals, markets are now a persistent beast to the upside. Every day the lagging areas have a great day, it is a great day…
SOURCE: http://www.theatlantic.com/magazine/archive/2015/11/we-need-an-energy-miracle/407881/
SOURCE: http://www.washingtontimes.com/news/2015/nov/1/obama-presidency-to-end-with-20-trillion-national-/
If we were only watching the small caps, the mid caps, the NYSE, the Transports and the many areas not thrilling like retail, like restaurants, like housing…we would not think too much of the recent rally. But since everyone concentrates on the Dow, S&P, Nasdaq and Ndx, everyone is thrilled. We just want to tell…
More bad news continues to come out from the Valeant Pharmaceuticals (VRX) story. We have no idea how this ends up but the writing has been on the wall for months for the stock. Due to popular demand here is another look at Gary’s article from last week, promptly titled, “Anatomy of a top.” Originally Published on…
Alright boys…time to wake up those bats as we head to Citifield. We will have our usual award winning, in-depth, over-the-top weekend report to you on Sunday. Do not miss it. Lots of jello moving on the plate as housing tops, retail stinks, biotech blah, commodities still aint happening and small/midcaps continue to underperform but…
“Fed keeps December hike in play!” “Fed hints December hike is in play after all!” “Officials stand pat on the rates but tone down global market worries!” After months and months of teasing, amazingly pundits are still taking the bait that the Fed is going to raise rates. How many more times will they fall…
A few thoughts: Before the market topped out, the average stock was heading south before the indices. It is early but already “feeling” a little of that right now. Seeing and feeling the “nifty-fifty market we experienced before the top. Google and Amazon both had strong gaps that were sold into on Friday but bought…
By Gary Kaltbaum @GaryKaltbaum garyk.com Fox News Business Contributor The first number is earnings. The second number is sales. The fundamental side! EBAY…-7,-2…the stock gaps up and continues. COKE…-4,-5…the stock rallies. MMM…+4,-5…$6 gain on the news…and they warned going forward. CATERPILLAR…-55,-19…the stock reverses up. Yes…that was -55 and -19. INTEL…-3,-1…reverses up and continues up. JPMORGAN…-19,-6…initially…
