For the bulls, you would rather see a pullback here so markets put in some sort of handle…to make higher prices off of. For the bears…there are several hundred stocks that are now bouncing up into and towards resistance and/or moving averages…all to potentially short into. Since volume was light yesterday. Since we are not…
https://archives.warpradio.com/btr/InvestorsEdge/111918.mp3 JUST LETTING YOU KNOW I got a bunch of emails today asking, “How did the market go up 200 points today Gary?” And my answer is, “Because it went down 1100 points. That’s what happens. When you go down, you are always going to bounce at a given point. Really, here’s the only question….
Well…knew a bounce was coming…but as usual…but never expected…fireworks on the bounce. By rule, market remains in correction with volume light today. The biggest moves were some of the worst names like AAPL and GOOG. Trading going to lighten up but may just probe as I think this near-term low holds for now. There…
I just posted for you an article that my, yours, our Treasury Secretary is calling for a debt ceiling with no limits. I just posted for you that a famed Nobel Prize winning economist alluding to 90% tax rates will help out this country. Is it any wonder we are so screwed? Is it any wonder we are now…
…Yup…the protector of our treasury! (CNSNews.com) – Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate…
It’s medication time! This is the Nobel economist who also says we are ok if we double the deficits from here and we haven’t had enough government spending! Read this: The Twinkie, it turns out, was introduced way back in 1930. In our memories, however, the iconic snack will forever be identified with the 1950s,…
That was a crappy week but notwithstanding the Middle East really blowing up, we believe Friday’s action potentially puts in a near term low. But caution…in bearish phases, bounces will only last so long. They serve to work off oversold conditions and when they peter out, selling shows up quickly. So shorter term: For starters, it is a…
On cue, a 1% gap to the upside today. This started at noon on Friday. Everybody saying it was on news of the fiscal cliff. Nope…it just happened to be the time. Again, here are a few things you need to know. Late last week, articles came out about Apple’s drop after a…
AMGN- Pulled below 50 day but just sitting below…will leave on for the second. EXPE- Sold down on PCLN/KYAK buyout but holds 50 day perfectly. HD- Holds 50 day on Friday. MA– Holds 50 day on Friday. N– Breaks 50 day…off list for this second. V-Holds 21 day on Friday. SHW- Adding back SHW…
A new White House petition wants President Obama to nationalize the “Twinkie industry,” saving the popular junk food from possible extinction. “We the undersigned, hereby request Barack Obama to immediately Nationalize the Twinkie industry and prevent our nation from losing her sweet creamy center,” a petition on the White House “We the People” website requests. Hostess Brands…
