First…the getting smaller and smaller leaders list. AMGN- Acting just fine. EBAY- Needs to hold 50 day. EXPE- Comes back on off of earnings reaction. HD- Good reaction to hurricane. KORS- Tries to break out Friday but market pulls it back in. MA– Holds 50 day off earnings but now trading a little wide and…
[email_link] Some investors are pursuing the safety of federally insured deposits. Others are dissatisfied with low nominal and negative real returns and are moving further out on the risk spectrum in their zeal for yield, regardless of whether they understand the additional risk they are incurring. In a speech at Jackson Hole, Wyoming, in late August,…
A bunch to cover. Officially, IBD has market still in CORRECTION. I am not treating the market that way for several reasons. First off, we can play off of yesterday. Simply put, if the lows of the last week are breached, that would probably take us out. But during the correction, KORS didn’t budge…and…
Well…they started the seasonally strong period with a bang. No real news but the financials held the 50 day…semis bottomed, commods held the pullback support and potentially, away we go. Tomorrow is the fake jobs number…and only expect more bullcrap numbers ahead of the election as the fix is in. Whether the market…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/110118.mp3 JUST LETTING YOU KNOW Some Good News on Today’s Action The Dow was up 136 today. The only weakness was in Walmart, which is kinda sorta breaking down on a near-term basis in the Dow. I thought we’d come back strong yesterday because Europe and Asia were actually strong coming in and I…
[email_link] FOUR years ago, The Economist endorsed Barack Obama for the White House with enthusiasm. So did millions of voters. Next week Americans will trudge to the polls far less hopefully. So (in spirit at least) will this London-based newspaper. Having endured a miserably negative campaign, the world’s most powerful country now has a much more difficult…
[email_link] PROVIDENCE, R.I. (AP) — Rhode Island’s economic development agency on Thursday sued former Red Sox pitcher Curt Schilling and some of its former officials in connection with a $75 million loan guarantee to his failed video game company. The suit was filed in Rhode Island Superior Court four months after 38 Studios filed for…
[email_link] When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House…
Market defended at near term support…go ahead and buy any market proxy except QQQ…because AAPL remains weak…so IWM,SPY, IJR and use a break of the past week’s support as your stop. I do think it is worth it…just in case market wants to get going here…and with seasonal strength, a fed printing $40 billion/month, a…
[email] For those who listen to Gary’s show via Podcasts, we are expecting them to be up again later today. Today’s show should be going live via Podcast at 8:00p ET at this link.
