The internals continue to deteriorate…but you already knew that’s what was going on. Everything we told you that was going on…is now worsening as the small caps lead down and the large caps start to come in. Amazingly, the Russell 2000 is now below the 200 day moving average with the Dow and S&P just…
Alibaba has sales of $8.5 billion and has a $231 billion market cap. Just above its market cap is Chevron with a $236 billion market cap…but has $226 billion in sales. Next up, Wal Mart with a $245 billion market cap…with a whopping $480 billion in sales. But don’t worry. The Fed says there is…
Today is the much anticipated IPO for Alibaba Group. I will be sharing my thoughts on its debut with Gerri Willis on the FOX Business Network today between 5 and 6 PM ET. Brian Balsanek was kind enough to share this article from IBD. I’ve posted it below to share a little insight on the…
It is pretty simple here. The DOW breaks out of a cup and handle. The SOX holds the 50 day and ramps right back up. FINANCIALS are breaking out all over. And away we go again. Just keep in mind, small caps still refuse to budge. ENERGY,REITS,GOLD,SILVER,METALS,ORES,CONSTRUCTION MACHINERY and a few other areas are still…
We typically do not write in the middle of the day but things are getting noisy. And we are not talking about the market. We are talking central banks. While all the divergences are still out there, China announces 500 billion of printing and at the same time, Yellen leaks 0% for a long long…
Monday’s action was a yonking of growth and the average stock while the DOW was up. While the DOW was up, the a/d was over 2-1 to the negative. While the DOW was up, new lows outpaced new highs…which is amazing. While the DOW was up, the Russell 2000 was down the equivalent of 200…
As I woke up this morning, I turned on the tube and noticed the major network’s first news story was not the 13th anniversary of 9/11. I then noticed the front cover of USA TODAY had no articles on it. I then noticed the WSJ only had the picture with the lights shining at the…
Since my inbox is filled with questions on Apple, I will give you my clear, concise and succinct thoughts. I DON’T KNOW. Keep in mind, their new products are not for sale just yet. More now than ever, Apple will have to show that their products are still clamored for. My best uneducated guess is…
Again, crappy economic numbers around the globe seem to be leading to higher stock prices. Simply put, whatever amount Yellen has lowered printing, the ECB is now picking up. This is on top of Japan and others. Also, do not forget, we are still printing and as far as we are concerned, we expect no…
Very simply, we are still not fans of these areas. A glance at the OIL ETFs all show a bad drop below the 50 day average…a rally back into it…and now another ugly drop. They even started to get some of the stronger names today. As far as Gold, still aint happening. Just a slow…
