A FEW FACTS: Just about everything has rallied up into, near or on massive overhead resistance where markets had a “waterfall” breakdown or the declining 50 day moving average. In bear markets, this is where or around it is normal to fail…or start failing. This means we would get another topping process of a few…
The best thing the market can do now is to pull back…even have a scare day or two. Major indices are into major and we mean major resistance as well as the declining 50 day moving average. It would be normal anyhow to stall and pull back after going coast to coast in sentiment. A…
-“OUR JAY POWELL INTERVIEW”- -We love David Rubenstein. David Rubenstein is an “American financier and philanthropist best known as the co-founder and co-executive chairman of The Carlyle Group!” We have followed his great career as well as his great interviews on Bloomberg. Mr. Rubenstein had an interview with Jay Powell today at some Economics Club. The…
We remain in rally mode off of some of the most oversold, stretched and extended conditions to the downside we had seen since the 87 crash. Price on the upside has still not satisfied buyers. We are now in the midst of massive overhead resistance, the place where the ‘waterfall” dropped occurred. We are not…
Even though price is about the same as the previous two rallies, this one feels different. We are seeing beta/tech acting better. We are seeing a few names in that SOFTWARE group setting up or edging out of range. We are just feeling the overall tone as being much better. But: We are now starting…
Futures flattish and that is actually good news. Need some working off the latest surge off of extreme conditions both in price to the downside and bearish sentiment. This rally feels better than the last two. We completely doubted the last two as they were nothing more than bear market rallies. Both lasted less than…
SOURCE: https://archives.warpradio.com/btr/investorsedge/010418.mp3
Gross day yesterday but a gap to the upside today. Futures turned up when China eased overnight…again. Also, news of ANOTHER trade meeting even though everyone knows there will be trade meetings. The big economic story is a MUCH MUCH MUCH better than expected employment number as we are being told more than 300,000 jobs…
SOURCE: https://archives.warpradio.com/btr/investorsedge/010318.mp3
We are being asked quite a few times today whether the market can reverse back up today…so…in past weeks we have seen a 900 point reversal in 90 minutes…a 1,000 point rally out of nowhere in just a few hours and our actual favorite was NewYear’s eve day when the Dow rallied over 150 points…
