I mentioned this morning that AAPL was $53 under the 200 day moving average…and that was with hardly a rest. Today, it finally is bouncing…helping the market….at least the NASDAQ/NDX. Keep in mind, in bearish phases, all bounces do is relieve stretched,extended and oversold conditions. When those conditions are relieved, the downside continues. Be very…
Bear with me! Imagine you were playing a tackle football game and on purpose, someone chop blocked you and busted your left knee up. Imagine that same person apologizing profusely and telling you they are a surgeon and will do the surgery for free. Imagine coming out of surgery on your left knee and waking…
The market will bounce…but it will be jagged. The NASDAQ/NDX will bounce…all it will take is one good day out of AAPL or GOOG. I just noticed AAPL is down a whopping $53 BELOW the 200 day average. That is amazing and unprecedented since the 09 lows. Yes it can bounce but the fact it…
KORS broke 50 day…and that’s that. The last of the leaders basically gone. Market getting really bearish and the only thing left to do is wait for bounces to short. Feel good in knowing we played it tight for the right reasons in past weeks…and lost very little capital. Service in 100% cash…and relaxing. Will…
NEW YORK (CNNMoney) — Californians approved a measure Tuesday that raises taxes on the wealthy and hikes the state sales tax. It is expected to bring in $6 billion a year, on average, over five years. Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget…
You know I am a cynic. Wall Street has earned it. No indictments…banks taking bad loans off books before earnings and putting them back on after…printing of money…analysts still shaky… Today…upgrade of BAC…JPM gets fed approval to resume buybacks…that’s this morning…the day after the financials finally break the 50 day. Do you think…
Good sales on the open. Market showing itself here and is turning down. I suspect we will start to see some wide and loose action with some vicious bouncing…but when all is said and done…think we head lower. I do recognize the fed is still out there doing their thing but not so sure…
https://archives.warpradio.com/btr/InvestorsEdge/110718.mp3 JUST LETTING YOU KNOW As you know, I thought Mitt Romney was going to win the election. Though, I did say in the past couple of days, that it really tightened up. But last night as I was watching, I saw that a swing state went very quick. And the first thing I said…
Senate Majority Leader Harry Reid said Wednesday that he will try to push through a change to Senate rules that would limit the GOP’s ability to filibuster bills. Speaking in the wake of Tuesday’s election, which boosted Senate Democrats’ numbers slightly, Mr. Reid said he won’t end filibusters altogether but that the rules need to change so that the minority party cannot use the legislative…
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021,…
