I have not written a report on the market since I penned my report on November 17th…titled “NEAR TERM LOW BUT MAJOR TREND REMAINS DOWN” The reasoning for that report was simple…bearishness had reached very high numbers which almost always leads to a near-term rally but more importantly was the action on Friday Nov. 16…
EXPE hit as PCLN down almost $30 on a downgrade. EXPE’s 50 day is at $57.80. A break below is a sell…simple as that. Growth continues to go no place fast. The indices had best not follow growth. Early strength in biotech,semis,transports…yippee! Weakness in financials and housing…and of course, indices do not…
Futures down a wee bit…. AAPL down another $7 as Jefferies lowers target from $900 to $800…expect more of that if AAPL stays weak. A few have targets at $1000. Nothing else this morning. I hate this market. Growth either croaking or sitting. Better action in past week or two has been…
The growth leaders: AMZN- Back on this list but not sure of wide and loose pattern. AMGN- A buy moving above $89.60. EXPE- Acting fine…but just sitting. EBAY-Just sat on light volume all week. HD- Sitting past two weeks. MA– Pulling into 50 day where service may probe. REGN- Sitting just above mini-breakout. RAX-…
https://archives.warpradio.com/btr/InvestorsEdge/120718.mp3 JUST LETTING YOU KNOW We had the unemployment figure out today and they say it went from 7.9% to 7.7%. Ladies and gentlemen, the fix remains in. 540,000 people they say, left the workforce. If you went back four years and just had the same amount of people in the workforce, we’d be at…
(CNSNews.com) – The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day. “The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the…
(CNSNews.com) – The unemployment rate for civilian government workers plunged from 4.2 percent in October to 3.8 percent in November, according to the Bureau of Labor Statistics, as government added 35,000 to its taxpayer-funded payrolls during the month. In October, federal, state and local governments in the United States employed 20,524,000 people. In November, that climbed to 20,559,000….
Continued SOURCE: http://www.herald-dispatch.com
Futures were down until the fake job’s number came out…nothing fabulous but a little better than expected though they revised last month down. The unemployment rate is now supposedly down to 7.7%. But that’s the news…market has rallied about a half percent as I write this giving major indices the chance to move above…
https://archives.warpradio.com/btr/InvestorsEdge/120618.mp3 JUST LETTING YOU KNOW I’m very careful about every word I say on my radio show. So I did a dissertation yesterday on how great big stocks that have done so well – top out. That’s all I did. I went through the psychology. I went through the fear and greed. I went through…
