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…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/102218.mp3 JUST LETTING YOU KNOW We’ve see a little bit of deterioration in the market. The earnings have not been so good. But let me say there are many earnings reports coming out the rest of this week, including the Almighty Apple. So Friday was terrible, and today was looking really iffy also. And…
[email_link] Perhaps you thought the Solyndra scandal amounted to a $535 million government loan that will never be repaid. No such luck. In the latest twist, Solyndra’s investors could be rewarded for their failure, thanks to a tax benefit the Administration handed out in a bid to evade political accountability. The Internal Revenue Service exposed this double…
First, the leader’s list with a few more names coming off and a couple more on the bubble. ALXN- May be starting to break. Earnings next week. Just about off list. BIIB– Breaks 50 on volume. Off list. EQIX– Falls further under 50 day…now off list. EXPE– Breaks badly…off list. EBAY- Good reaction to…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/101918.mp3 JUST LETTING YOU KNOW In past week I told you specifically that I went low beta. And specifically, what does that mean? It’s getting away from the more volatile…growth names in the market. Why? They weren’t working. And lower beta was. I recently told you that the Nasdaq was really starting to underperform…
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