During these times, I try not to confuse the issue and write too much. The bottom line is that the market is in a good corrective phase with a lot of blow-ups during earnings season…which in the past, has never been a good sign. So we sit back…keep our wits about us and relax…while most…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/102218.mp3 JUST LETTING YOU KNOW The Market Continues to Act Quite Poorly To recap, the Nasdaq broke the 10-week/50-day moving average. Dow and S&P which held up better, pulled back in to the 50-day moving average. We got a rally. But the Nasdaq only rallied up into it and failed. The Dow and S&P…
First off: AMGN,FB,GILD,PNRA,SLAB,LL,REGN,SAP are gapping up. There are a few other mini-gaps. NFLX,NSC,BWLD,LO,TPX,KMT,IRBT and a few others are gapping down. Market gapping up a wee bit as foreign markets continue to have better r/s. At this point, I play it by the book…we wait for a follow through day…and that cannot happen…
The only thing to say is things are near term oversold…and due to bounce…but doubt the bounce goes anywhere. Fortunately, KORS not budging…and maybe it gets out on a decent up day. Besides that…sit, relax, do nothing…and keep the pressure off.
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/102318.mp3 JUST LETTING YOU KNOW The Correction Deepening When we discuss with you how things typically happen, it is based on the sum of all the parts of how bull phases and bear phases work, how tops and bottoms usually form and so on. And really the most important thing I have told you…
[email_link] The rampant crony capitalism of the federal government simply can’t be ignored anymore, but the media has made a habit out of selectively picking and choosing what it wants to report on with this administration. This latest example may ultimately be ignored and denied too however, because it involves the brother of our current…
Just a short note about today: NASDAQ hit the 200 day moving average to the penny and has held so far. This is huge. DOW/S&P still down much worse but if NASDAQ holds, will go a long way in helping market. The problem: it is normal for an index to hit the 200 day…
[email_link] In the past week, the all-important NASDAQ broke support as well as the 50 day moving average. The same for the NDX. Please remember, we believe that the NASDAQ leads markets both up and down. The NASDAQ is actually sitting on the longer-term 200 day moving average right now. The same for the RUSSELL…
To be blunt, futures smoked this morning…as the Euro weakens…dollar strong…and S&P/DOW now break below the 50 day. You have your marching orders from the service…stay out of anything new. This correction looks to be gaining teeth. Use stop on KORS…and be patient. No reason to play into this. I must add that the…
Believe it or not, at 315, an article released that the fed would expand their money printing…not kidding…helping the market back up. Is this crap rigged or what? In any case, more names breaking today like N and ALXN…and just overall not thrilled. Many think AAPL had a good day but wide and loose…
