We are almost running out of things to say…almost. A quick glance shows the NYSE where is was 10 months ago…the TRANSPORTS where they were 6 months ago…the S&P 4 months ago…with the better action in the NASDAQ,NDX and for a change, the small caps. It just remains a very split tape with not much…
With the indices doing nothing yesterday, we just wanted to highlight an area that we have been somewhat bearish on that just may have turned into just plain bearish. When you have a moment, time to check out the RAILS. KSU was yonked off of a cutting of guidance. This news and movement impacted the…
We have been telling you for ages that markets are on a central bank-induced asset party. Nothing has changed. Mrs. Bubble teased away with “patience”…”no patience”…”data dependant” and a whole load of bullcrap. The bottom line is that Janet is not going to raise rates unless the markets force her to and so far, markets…
Back in 99, any company that announced a website saw their stock soar. Companies were changing their names adding .com to their name. Mutual funds changed their names to “internet.” Unfortunately, many of those companies had squat and are now nowhere to be found. Fast forward to today. Over 130 Biotech companies have been brought…
“THEY WILL NEVER RAISE RATES!” By Gary Kaltbaum Twitter@GaryKaltbaum garyk.com Woke up this morning to headlines like “Fed “Patient” No More!’ Cute! Another headline: “Fed Puts Interest-Rate Hikes in Play!” What Fed are these people watching? For quite a long time, we have been telling you that unless the market forces them, the last thing…
Those that read this report know our disdain for the Fed as well as central banks around the globe that are still doing the Bernanke dance. To her credit, at least Yellen “supposedly” stopped the printing. But now we get the “wording” dance. Amazingly, the investing world sits breathlessly to hear whether the word “patience”…
The wild swings of the past week continues as Monday received the upside of those swings. But it remains more important to look underneath the surface as the spit tape continues. To be brief, we just wanted to highlight a few main areas to overweight and look for proper breaks to the upside are :…
MORE RANGEBOUND NONSENSE” By Gary Kaltbaum @GaryKaltbaum garyk.com Up 140 on Monday…down 330 on Tuesday…up 260 on Thursday…down 250 on Friday before a late save finishing down 146. Having fun yet? This is what you get when you have central banks going different ways with currencies making moves in weeks that usually dont happen in…
Very little to add. More yuck in a bunch of areas with the Euro continuing to crumble. Major indices that had broken above range have now tucked back into range like frightened turtles. Stocks that broke out of range are doing the same. Bear market areas simply worsen. The potential good news is that every…
And that’s being nice. But first, for a very long time, every time markets have been hit hard, every time massive distribution showed up, every time the market looked like it was headed into a correction of magnitude….markets experienced a reversal day and then turned right back up. We are in no way saying this…
