First off, the leaders list which with EBAY and KORS coming off, is now down to 6 names…with a few just holding the 50 day. This list numbered 23 just weeks ago..telling you the ice was getting thinner. Please review all the names that used to be on. All came off list as they broke…
https://archives.warpradio.com/btr/InvestorsEdge/110918.mp3 JUST LETTING YOU KNOW The Fiscal Cliff and Why It Matters to Your Wallet It’s all in the news and it’s being explained wrong. They’re not giving you the straight dope on what’s going on. In case you don’t know, it’s simplistic. The people who are in the leadership of this country continue…
The Interior Department on Friday issued a final plan to close 1.6 million acres of federal land in the West originally slated for oil shale development. The proposed plan would fence off a majority of the initial blueprint laid out in the final days of the George W. Bush administration. It faces a 30-day protest…
Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday. “The situation with the state’s cash reserves is borderline,” Deputy Finance Minister Christos Staikouras told a conference. “This fact creates a condition…
I mentioned this morning that AAPL was $53 under the 200 day moving average…and that was with hardly a rest. Today, it finally is bouncing…helping the market….at least the NASDAQ/NDX. Keep in mind, in bearish phases, all bounces do is relieve stretched,extended and oversold conditions. When those conditions are relieved, the downside continues. Be very…
Bear with me! Imagine you were playing a tackle football game and on purpose, someone chop blocked you and busted your left knee up. Imagine that same person apologizing profusely and telling you they are a surgeon and will do the surgery for free. Imagine coming out of surgery on your left knee and waking…
The market will bounce…but it will be jagged. The NASDAQ/NDX will bounce…all it will take is one good day out of AAPL or GOOG. I just noticed AAPL is down a whopping $53 BELOW the 200 day average. That is amazing and unprecedented since the 09 lows. Yes it can bounce but the fact it…
KORS broke 50 day…and that’s that. The last of the leaders basically gone. Market getting really bearish and the only thing left to do is wait for bounces to short. Feel good in knowing we played it tight for the right reasons in past weeks…and lost very little capital. Service in 100% cash…and relaxing. Will…
NEW YORK (CNNMoney) — Californians approved a measure Tuesday that raises taxes on the wealthy and hikes the state sales tax. It is expected to bring in $6 billion a year, on average, over five years. Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget…
You know I am a cynic. Wall Street has earned it. No indictments…banks taking bad loans off books before earnings and putting them back on after…printing of money…analysts still shaky… Today…upgrade of BAC…JPM gets fed approval to resume buybacks…that’s this morning…the day after the financials finally break the 50 day. Do you think…
