
RADIO SHOW 6/1
SOURCE: https://archives.warpradio.com/btr/investorsedge/060118.mp3
Futures up…but do not forget financials. Good ADP number. DE paying cash for someone…lots of bucks…DE up 3%. PANW, CIEN gapping up. WYNN also up
The major indices, by the close, ignored the carnage in the big financials. This is good news. As we have harped on, almost 50% of
Market is now indeed breaking the support of the financials. It is early in the day where one can hope for a reversal but as
ENERGY/OIL&GAS smoked again on lower oil prices. AGAIN…AVOID ALL NEW COMMITMENTS TO ANYTHING IN THIS AREA AS ITS BEAR MARKET GAINS TEETH. We have seen
NDX futures up decently. S&P not as much. ADI big mover off of numbers. Another semiconductor name to the upside. KORS to the downside. Another
Greetings. Remains a tale of two cities in this market and it is imperative you pay attention as bull and bear sit side by side.