After distributing strong open yesterday, futures up nicely today. Now we get to see if the sellers are still out there. I would rather see markets open down than up. Again…just to make you aware…IBM broke out of a cup and handle pattern yesterday but sales are down 3%…so not thrilled with growth…but technically, really…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/100118.mp3 JUST LETTING YOU KNOW If there’s any one article I want you to read and listen to on Garyk.com it’s this one. I titled it: READ AND WATCH ALL OF THIS! HE GETS IT! THE CON-ARTIST MEDIA REIGN! You know what I think of the media…they’re con-artists. They’re not even corrupt any more….
I am not thrilled that we saw some distribution last week..but no biggie. I am not thrilled that we saw distribution into the strong early action today…but no biggie. I am not thrilled when the dow leads and the nasdaq lags like we have seen recently…but no biggie. BUT…if more distribution shows up… Today…a few…
There is an old line that matters when watching the market and that is WATCH THE NASDAQ. As I write this, the dow is up 120…but nasdaq is flat… Just letting you know…this is not good news for the market if this continues. Pay attention. Today is a big cap, financial and industrial love fest….
[email_link] It’s bad enough that the BLS has been taking millions of people out of the workforce over the past few years…artificially lowering the unemployment rate while job gains stink. Keeping the workforce numbers as they were when Obama became President would have the unemployment rate in double digits. It’s bad enough that these numbers…
Futures up as a fedhead comes out and says we need to do more easing. I am not making it up. Why would he do this? It is because the fix is in to goose the markets into the election. On this, the dollar has swooned…which means gold and silver will again gap up… I…
[email_link] A program that provides subsidized phone service to low-income individuals has nearly doubled in size in Ohio in the past year — now covering more than a million people. At the same time, federal officials say they’re reining in waste, fraud and abuse in the program. The Federal Communications Commission announced recently that reforms…
[email_link] The BLS (New name BS) somehow says 360,000 left workforce in order to take unemployment rate down to 8.1% and now these same people mysteriously add 400,000 jobs. Where and whom? I will take that answer. I think David Axelrod now runs the BLS! When it comes to economic data, as with much else…
First the leader’s list: AAPL- Heading back into 10 week/50 day average. AMZN- Pullback mode. ALXN- No issues…riding up 21 day. BIIB- Fails to break out again…holds 50 day on pullback. CRUS-Pulls in hard with AAPL…taking off this list for now. EQIX- Still no issues at all. EXPE- Small cup and handle…needs to move above…
[email_link] Continued SOURCE: http://www.aim.org
