I don’t like writing early because things can change but so far, the gap to the downside, was bought up furiously early on. It seems the boys are determined to not let the S&P under the 200 day. A lot of quick reversals. Of note: HD breaking into new high ground on earnings….
Well…for a service that is out of any longs, a gap to the downside is not a bad thing. But for a service that wants to short into bounces, it is not a good thing. Futures down decently with nasdaq/ndx worse than s&p. It is important to remember, the nasdaq and the ndx are…
https://archives.warpradio.com/btr/InvestorsEdge/111218.mp3 JUST LETTING YOU KNOW We’ve had a correction. Percentagewise, it’s not the end of the world. But, a lot of stocks have been hit pretty hard. There’s been a lot of technical damage done. And we came into this week in what I call a position of “a market that is in the near-term,…
The worst market is one where in spite of being oversold, it cannot bounce…and so far, that’s exactly what is going on. If the market just sits for a few days, it builds another ledge…to fall off of. But this doesn’t help our wanting to short into bounces…so we remain patient. Today, housing now…
The correction has deepened…simple as that. The only question is how much farther it has to go…but so far, in spite of oversold conditions, the market has not been able to bounce. The negatives: All major indices are now below the longer-term 200 day average…with the S&P just below. Remember, nothing good happens below the 200 day…
Futures up nicely this morning…no news…just because. Movers: Rumors AAPL already working on an Iphone5S…hmmmm! Already another new phone! AAPL up $5 pre-market. A good question will be whether AAPL is now going to cannabilize itself. They keep leaving things out of their products on purpose in order to bring out another product….
First off, the leaders list which with EBAY and KORS coming off, is now down to 6 names…with a few just holding the 50 day. This list numbered 23 just weeks ago..telling you the ice was getting thinner. Please review all the names that used to be on. All came off list as they broke…
https://archives.warpradio.com/btr/InvestorsEdge/110918.mp3 JUST LETTING YOU KNOW The Fiscal Cliff and Why It Matters to Your Wallet It’s all in the news and it’s being explained wrong. They’re not giving you the straight dope on what’s going on. In case you don’t know, it’s simplistic. The people who are in the leadership of this country continue…
The Interior Department on Friday issued a final plan to close 1.6 million acres of federal land in the West originally slated for oil shale development. The proposed plan would fence off a majority of the initial blueprint laid out in the final days of the George W. Bush administration. It faces a 30-day protest…
Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday. “The situation with the state’s cash reserves is borderline,” Deputy Finance Minister Christos Staikouras told a conference. “This fact creates a condition…
