RADIO SHOW 3/22
SOURCE: https://archives.warpradio.com/btr/investorsedge/032218.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/032218.mp3
The money quote: “For nearly a decade, the middle class in this country has suffered from a needless and self-imposed austerity, limiting investment of all the things that create good-paying jobs and improve the working conditions of Americans, improve the lives of Americans. This spending bill, this spending agreement brings that era of austerity to…
Futures this morning are way down. Time to do some recapping. We have told you: Over 60% of all stocks were in poor shape, trading below resistance and the all-important 50 day moving average. There is a simple thesis behind this. Trading below means you cannot go higher and as more and more names move…
SOURCE: https://archives.warpradio.com/btr/investorsedge/032118.mp3
A few things sticking out this morning: For a change, oils/energy have the bid. The fact is oil prices have moved up recently while the stocks lagged. Today, the stocks play some catch-up. A glance at the OIH, XLE, XOP and you will see 6 weeks trading at recent lows. Draw a line under the…
Futures are down a wee bit after an up day yesterday. Loved yesterday’s action in growthland. Hopefully, it continues. Other areas bounced including OIL PRICES which rallied back above the 50 day but most oil stocks remain gross. Today is fed day. They spent the last two days playing Space Invaders, Ms Pacman, Galaga, paper…
SOURCE: https://archives.warpradio.com/btr/investorsedge/032018.mp3
Futures up a wee bit after a rough day yesterday! Before yesterday: About 55% of all stocks in our universe were below resistance and the 50 day average. Quite a few are much worse. There remain many bearish areas like real estate, utilities, housing, energy, oil & gas, a ton of consumer staples, a bunch…
SOURCE: https://archives.warpradio.com/btr/investorsedge/031918.mp3
We have been telling you that over 50-60% of the market is already in poor shape. We have been telling you the highs of Jan 29 were the highs for now (though for a moment, the NDX and NASDAQ hit new highs!) We have been telling you that the lows of Feb 9 would not…