Yesterday, we wrote a note that after 5 straight days down, markets were getting oversold. Oversold conditions lead to bounces. One just does not know when or where the bounce will occur…but just that is is getting closer. On top of that, something else happened in the past day. After weeks and months of us…
Sorry about the length but we have some important things to add from our recent reports of a narrowing market. Over the past weeks, months and in some cases, over the past year, we have been telling you to avoid all the areas of the market that had topped and went into their own private bear…
We will have our usual award winning, in-depth weekend report covering everything you need to know about markets over the weekend. The transports ran right into an area that contains rallies in a bear market…and that is the declining 50 day average. We have provided a chart with those specific points at garyk.com. The same…
The socialism just worsens. Rules, regulations, taxes, fees, mandates… SOURCE: http://www.foxbusiness.com/markets/2015/07/22/ny-board-backs-15-minimum-wage-hike-for-fast-food-workers-gov-cuomo-expected-to/
As we write this: NEW YEARLY HIGHS ON THE NYSE AND NASDAQ- 144 NEW YEARLY LOWS ON THE NYSE AND NASDAQ- 420 JUST SAYING!
Stunning to watch many having fits over Apple being down 6-7% this morning. Do they not realize it is just back to where it was after the recent romp to the upside? Living by the laws of the market, unless the stock has a strong reversal today, it just goes back into the trading range…
More big-cap tech as the NDX outshining the rest by miles. Somehow, we expect this to continue as money piles into a narrow group of names. We were asked a good question. Why are all these big growth names soaring right before earnings? Who would take such a chance? Answer…no clue. For sure, AMZN, FB,…
And you wanted to see a lot of changes because of the NDX and to a lesser extent, the NASDAQ flying into new highs? We understand but after doing a big scan this weekend, not much has changed. Of course, the obvious is that some mega-cap, tech-heavy, nasdaq/ndx influence stocks are going en fuego on…
As usual, our award winning weekend report covering everything you need to know about markets will be in your inbox on Monday. To sign up to receive: go to http://bit.ly/1IuL8zT Amazon, Netflix, Google…the place to be though Amazon has not reported yet. Apple has not reported yet. Big biotech also. Despite the divergences…that still stand,…
AUTO PARTS RETAIL…BIOTECHS…BANKS…CRUISE LINES…CREDIT CARDS…CONSUMER LOANS…DRUG STORES…HOUSING…NETFLIX…OIL REFINERS…REGIONAL BANKS…S&Ls…and now some MEGA-CAP NASDAQ GLAMOURS coming to life right before earnings…AMAZON & GOOGLE come to mind…as the NDX looks to open at new highs this morning. And Greece will now fall off the front pages as all the lenders did was create more massive debt to…
