We have noticed in the past couple of days that many are saying that the nascent rallies in areas like the transports and oils have turned them into leaders. We disagree. We think they are nothing more than oversold rallies in areas that have been trashed with the jury still being out. For sure, they…
The bounce continued off of the fed blah blah blah. I keep hearing and reading that the Fed will raise rates in September. Whoop-dee-do! Going from 0-1/4% to 1/4% is doing nothing. But we see nothing in anything said that indicates such…but nevertheless, the easy money continues. Hate to say it but major indices remain…
We had an inkling market was oversold and due to bounce. Good bounce led by the worst of areas but good to see biotechs hold vital support while the s&p held the vital 200 day moving average. It is also good to see the transports have a strong day. But today is fed day…which means…
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,…
