This recent move up has been mainly commodity driven off the lows…with not a lot going on in growth-stock land. In fact, most growth leaders just sitting…with a couple exceptions that popped on earnings and got quickly extended. Speaking of extended, market may be near term extended and it sold off kinda easily at the…
[email_link] Would have received a ton more money! This needs to be investigated. Read this: MACOMB COUNTY, MICH. – A Michigan millionaire decided to go into the real estate business with a bang last week by buying every tax foreclosed property offered at a recent county auction. MyFoxDetroit.com reports Bill McMachen, a businessman and former yacht…
[email_link] Senate Republicans recently blocked cybersecurity legislation, but the issue might not be dead after all. The White House hasn’t ruled out issuing an executive order to strengthen the nation’s defenses against cyber attacks if Congress refuses to act. “In the wake of Congressional inaction and Republican stall tactics, unfortunately, we will continue to be…
Hopefully, the chart shows up in this email. I like looking at the past…as you know. And uncannily, this market is tracing out many election years. Now…we only adhere to what the market shows us but I thought this was a good one to show. If form follows, we get more upside into August…a good…
First leader’s list: AMGN-Too extended and no place to consider here. AAPL- Trying…maybe a $620 pivot but no volume on this move up. AMZN- Putting in a handle inside a bigger handle. ALXN- Should have probed Thursday…into pullback. Up on rumors Friday. BIIB- Still ascending…no place to enter. EQIX- Another could have bought Thursday…
Futures up huge today but not because job’s report. Futures were up big beforehand. The news is simple. Papers across Europe giving cover for the stupidity yesterday stating that printing of hundreds of billions of euros will start soon. So all the emailers who sent me emails yesterday about having to be short the market…
One more to go as the fake job’s number tomorrow. HD sitting on the 50 and AMZN pulled in quietly in an otherwise crappy day. I will be back after the report tomorrow. Cant wait for the weekend as the market remains a pain in the rear. More tomorrow.
[email_link] Ok…I know many reading this are asking…what’s a Draghi? Who’s Draghi? Well…he is the money mouthpiece for the European Central Bank. And oh yes, he was a Governor for the bank of Italy while Italy was running up deficits. He is the head honcho, top dog, big cheese at the ECB. Why am I pissed?…
There is no template for trading in this environment. Markets move on words and yapping…and when the yapping doesn’t come through, markets turn. Last week’s gap and move was on the ECB non-stop talk about asset purchases…just like Bernanke does. Markets waited…and today…were disappointed. I don’t know what else to say except we have been…
