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We told you two things recently…that a low was put in on last Wednesday’s washout (for now…and in a bear market) but expected things to be jagged. The past four days of the Dow were +210, -208, +292 and -222…and now we walk into another gap to the upside. Yesterday, Apple affected things negatively. Today, Facebook affects…
Stock Market Overview: Stock futures are strong on Thursday as the market does the usual about-face from whatever happens on Fed day! Gary’s Thoughts: Facebook a huge help. It has helped the NDX but also enabled but Google and Amazon to get back the large losses from yesterday. Hey…you play this! Just remember, the low from last Wednesday…
Stock Market Overview: Stock futures are down on Wednesday as the market digest’s Tuesday strong rally and waits for the Fed’s meeting later today. Gary has nailed this market for you perfectly. Gary’s Thoughts: Apple and Boeing will not help this morning but we still believe last Wednesday’s lows holds sway. Just keep in mind…
SOURCE: http://davidstockmanscontracorner.com/david-stockman-on-cnbc-this-is-a-dead-cat-bounce-were-at-peak-debt-headed-for-recession/
Stock Market Overview: Stock futures are down modestly this morning as investors digest Monday’s decline on Wall Street. Gary has been telling you the market has been VERY stretched to he downside and way overdue to bounce. So if it can’t bounce, look out below. Gary’s Thoughts: Well that was ugly. Today, it is about Apple…
Stock Market Commentary: Stocks fell on Monday as the market paused to digest last week’s big oversold bounce. Oil prices fell again which dragged a slew of energy stocks lower. Oil plunged more than 7% which is not an insignificant sum. Economic data was thin on Monday. The Dallas Fed January manufacturing index fell to…
“AFTER 2250 DOW POINTS, RELIEF!” January 25,2016 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor Not that anything we write about matters because this week is the 10th anniversary of Al Gore telling us that we had 10 years to save the planet. When will people learn about agendas and ulterior motives?. We…
Stock Market Overview: Stock futures are up nicely before Friday’s open. Stocks staged a big reversal on Wednesday and tried to rally on Thursday but finished mixed after China injected nearly $17B to stimulate markets and the European Central Bank hinted they would print more money, if needed. Gary has been telling you the market has…
“WASHOUT DAY CALLS THE LOW FOR NOW!” January 22,2016 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor After 2250 Dow points in just 14 days, the market had enough…and it had enough on a classic “washout” day. On Wednesday, we wrote to you three times that we thought it would be an important…
