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Tag Archives: uncategorized

Fabulous Friday Finish – Markets Make New Highs

GE (GE) dropped guidance by 33%. Not sure why I bother mentioning it, it's only a $200Bn leading industrial company so why shouldn't the Dow be up 100 points pre-market? ; Makes perfect sense, right? ; GE is a Dow component but it's stock is only at $23.50 ;so a 6.5% drop to $22 is only $1.50 and that's just 14 Dow points vs a 10% drop in IBM being $15 and adding...

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Wonderful Wednesday – Dow 23,000 or Bust!

Does anything matter? ; ; On the right is the Daily Guidance Oscillator, which shows how forward guidance is fading fast, unraveling the enthusiasm of August with only 28% of companies reporting issuing positive guidance and a whopping 39.4% going negative and the chart you see is the net trend difference between postive and negative guidance. ; The trend was this bad in July and the markets took a very small...

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Terrific Tuesday – Apple (AAPL) Tests $160 Again

The bull is back! ; Well, it never left but it paused for a day and that's something, right? ; As is often the case when the markets need a lift, Apple (AAPL) is getting a boost and, since it's in the Dow, the $10 run this month has added 85 of the Dow's 1,000 points but, in the S&P 500, AAPL is a whopping 4% of the S&P 500's weight ;so the 6.66% ...

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Black Monday 30th Anniversary – Those Who Forget History…

It was 30 years ago today. Well not today, it was the 19th but that's the closest Monday. ; Anyway, ;it was a Monday (a day like any other day) when the Dow fell 22.6% in a single day. ; That was only 508 points at the time (what inflation?) and it dropped to from 2,246 to 1,738. ; That happened pretty close to the anniversary of the original Black Monday of October 28th, 1929, ...

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Fabulous Friday – Markets at (yawn) All-Time Highs

Another day, another high. We may be too bearish into the weekend now so we'll have to play an upside hedge (in addition to RSX, which has also popped since our pick) and we'll look for something during today's Live Member Chat Room. ; Today's run-up may be nothing but we're breaking over technical levels that certainly LOOK bullish enough &#...

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Thursday Follies – Post Fed Depression

Now what? What can we do now to boost the markets. ; We got the Fed minutes yesterday afternoon and there were no new revelations there to justify another 18 consecutive days of new highs. ; Sure it's being spun that way but that's the same way these depraved Financial Networks spin every rally – at the behest of their mainly-broker sponsors. Not that the financial press is any better – even as ...

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Tricky Tuesday – Markets Flat Ahead of the Fed

What an exciting rally! As you can see from our Big Chart, our indexes are up about 5% in the past 6 weeks and, so far, no sign of slowing down despite declining volumes. ; The Russell (small caps) is our leader, with a 10% move in 6 weeks and only the one little pullback in early Sept – before a solid 7.5% move straight up since. ; ; As I noted on Thursday, we pressed our...

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Non-Farm Friday – The Calm Before the Storm

"You guys know what this represents? Maybe it's the calm before the storm." ; That's the word from our President last night as he prepared for a dinner meeting with his military commanders. ; The press asked him WTF he was talking about – as the President has many enemies he'd like to attack from Kim Jong Un to NBC News ;- who knows which way the drones are going to fly and ...

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