PRE MARKET
Futures are down a wee bit on the S&P but worse on the NDX as AMAZON feeling effects of the Trumpster’s weekend words as well as the curtains opening up on TESLA. One of our market mantras: in bearish markets, the curtains come up to expose companies losing a ton of money. Ladies and gents, we give you TESLA. In case you did not know, they are in dire need of another big money raise. It is tougher to do that in weaker markets. The last Tesla bond buyers cannot be thrilled right now. And back to AMAZON, not that he is listening but the Trumpster had better recognize that nothing good comes from targeting from the White House…especially the leading mega-cap growth stock in the market.
We will continue to harp on the important longer-term support levels at the 200 day moving average. Keep fingers crossed that they hold.
WAL MART in talks to buy HUMANA. Expect more of this…not less as we move forward.
Amazon sells so much counterfeit junk from China and users are oblivious.. They can’t understand why a product that “used to” work no longer does.. and Amazon does nothing to stop it but encourage the practice cause they make money off of 3rd party sellers.. just waiting for other shoe to drop..
Big sell off in the market today…..
DIA down huge !
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Yawn…
DIA has not broken support…
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All of the indicators, which Yoda watches are down, none have broken support.
Till they do,
no worries….,
yet..
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Yoda has two signals coming out of the weekly chart; unless they change, the market ……IS…. coming down,
just not yet.
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In the NEWS:
Demand up, supply shortage,
that equals inflation.
Inflation, equals interest rate hikes.
Interest rate hikes equal a falling market,
err, aah, unless the Jew banks rig the market so it won’t.
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Three traders determine market direction:
Buyers, Sellers, Banks…..
Ultimately, it’s the banks which decide..
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Yoda, the all wise.