Futures down decently. Today could be an important day. We had a good distribution day recently with a decent amount of names showing tops. Another one would not be good news heading into October. Remember my thoughts: NOW THAT THE FED AND EVERY CENTRAL BANK HAS SHOWN THEIR HANDS, WHAT ELSE TO HELP MARKET?…
Well…AMZN jumped $7…we’ll take it. made cheese on half position and keeping other. On tops of that, TSCO acting great…service owns at $93 and change and is about to break out of cup and handle pattern where you can add moving above $101.28. I knew the market would rally into quarter end off of…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/092718.mp3 JUST LETTING YOU KNOW On Tuesday we had a Distribution Day. Yesterday was no great shakes. And today we come back and somebody in Spain said something, the Euro rallies, the market rallies and everything’s all great again, right? Maybe. We’ll see. The good news is again: One day does not kill a…
[email_link] (Reuters) – New orders for long-lasting U.S. manufactured goods in August fell by the most in 3-1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded. The Commerce Department said on Thursday durable goods orders dived 13.2 percent, the largest drop since January 2009, when…
[email_link] The number of unemployed people in mainland France surpassed three million for the first time since 1999, new labour ministry data showed Wednesday, as French President François Hollande prepares to unveil his 2013 budget this week. French unemployment topped three million for the first time in over a decade, data showed Wednesday, as the…
[email_link] U.S. equity futures have rebounded following the release of disappointing economic data! Yes…we are now in a time where continued bad news equals good news for the markets as markets believe there will just be more money printing whenever news is bad. There was actually talk of QE3.5 this morning. No…I am not making…
[email_link] Tim Geithner, the US Treasury secretary, acted to shield Citigroup’s bondholders and management from accountability at the height of the financial crisis while taxpayers were left on the hook, a former US bank regulator has alleged. Sheila Bair, who served as chairman of the Federal Deposit Insurance Corp during the crisis and its aftermath, levelled…
Here is the headline I just read: U.S. equity futures have rebounded following the release of disappointing economic data! It’s almost too funny. Crappy economic data makes markets go up. Yup…there is actually some speculation of QE3.5…no I am not making this up. The real story overnight is China now pulling a…
A few things to cover: The market should bounce from here. I say this because the worst areas like the XME reversed today but more importantly, the crooks will paint the tape into the end of quarter. Of course, that is illegal so it really doesn’t happen. BUT there has been internal damage…
[email_link] Some of the replacement referees working for the NFL — the nation’s most lucrative sport — aren’t even good enough for the Lingerie Football League, it was revealed on Tuesday. The LFL, which fields women playing in bras and skimpy underwear, announced that it had fired several of the referees now calling prime time NFL…
