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…
9/3/2014 TRANSCRIPT: GARY: We do not like micromanaging every day but we do a daily radio show. This makes it tough not to. Today, we have to micromanage one day of action…specifically in Apple. The reason is obvious. Apple stock has a big weighting in many of the indices…and to a certain extent, has a…
9/2/2014 TRANSCRIPT: GARY: Since we have recently discussed a few people saying the market was going to crash, we needed to also take issue with the other side…so: Morgan Stanley strategist Adam Parker and economist Ellen Zentner believe that the conditions are just right for the bull market to keep going for years. “Our best…
Don’t need a long-winded note today. Markets are acting fine…but just needed to highlight the NASDAQ/NDX-types/glamour growth names. We are talking BIOTECH…we are talking SOCIAL MEDIA…we are talking TECH…we are talking a few CHINESE ADRs…and we are talking new merchandise via IPOs that are showing strength out of IPO base breakouts. We are watching to see…
We will have a much bigger report over the holiday weekend but first a few notes! Shorter term, markets are stretched, extended and overbought from their norm. Many are talking it is due for a pullback. They are correct, but that does not mean markets have to pull back. QE markets are different. One should…
