I wish I had some words tonight but dont. The tape is a mess…but I dont trust either side. For sure, more and more names toast…but overall, market just rangebound. We head into eand of month now where I suspect the crooks do their thing. But also, tomorrow is AAPL which will be a market…
[email_link] No soup kitchen for this beggar. Shane Warren Speegle told Oklahoma City police he made $60,000 panhandling last year. “Why would I go get a job?” he said to an officer who approached him earlier this month, according to KOCO.com. Speegle, 45, carried a 4-foot-by-4-foot sign requesting money for travel and food at an Oklahoma City intersection,…
[email_link] Who are they trying to kid? Thinking about it? Of course they are going to print more money…because they are insane. The recent slowdown in US economic growth is forcing the Federal Reserve to consider something for which it has always set the bar very high: a third round of quantitative easing. A decision on…
The crooks are already out on wall street. Whenever there is a big down day, someone floats something about the fed and more QE. Today, it is unnamed sources in the financial times talking more fed QE is imminent. These people are lucky I do not run the SEC. As far as today, when…
[email_link] We have been asked several hundred times in recent weeks why we weren’t more bullish. Methinks we are starting to see the reason why. Here have been and are our thoughts. While markets have drifted up in recent weeks, a few things stuck out like three sore thumbs that told us we needed to kick…
I hate gaps. Market down about 1.5-2% this morning as Europe down 2.5-3%. Asia wacked also. I thought a trading top was put in Friday but this could be more. I cannot play a big gap down…and will sit. Very important you recognize that many growth names topping with some with major tops. On top…
A few changes on my leader’s list. First off, I have mentioned to you that names like ISRG and CMG look like late stage stuff. Well…they are now major late stage failures. We do not want to see more. Leaders right now are either sitting or failing…giving us nothing to do. This latest move up…
[email_link] I received an email asking me how one could have avoided CMG being down $75 in the premarket. After all, Chipotle has been a leading growth name for quite a while. One needs to know CMG has been a teflon stock. No matter what they said or did, the stock would still ascend. But…
First off, I received a good email asking me how one could have avoided CMG being down $75 in the premarket. One needs to know CMG has been a teflon stock. No matter what they said or did, the stock would still ascend. For me, the only thing that kept me out of the stock…
Past leaders CMG and ISRG blowing up in aftermarket. I have no conviction on the market here…but I do have plays. Keep in mind, a crapload more earnings coming out in next two weeks. UNP broke out today on volume. You can probe in the 100-121 area with the idea it holds the…
