JUST LETTING YOU KNOW Of note today – Gold and silver were weak. Oils were moderately green. Financials were green, but a few of them came back for much of the day. Semiconductors were very strong. And the rest were pretty much mixed. A few things happened today that are of note. A few little [...]
Archive for the 'Support' Category
12/11/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
09/19/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW I’m not going to call it a disappointing day in the market, but the market came in toward the end of the day. The story of the day was a big plunge in oil prices…HUGE. Light Sweet Crude went from 112 to just about 108. A barrel of oil went from [...]
THE ECB GOES TO BERNANKE UNIVERSITY
In what can only be called a full court press in order to manipulate the markets, members of the ECB yapped it up…promising this, that and the other thing. Of course, this, that and the other thing…means the printing of money. Names like Draghi, Monti, Merkel and even the ultra-socialist Hollande all promised that things [...]
BACK INTO THE RANGE
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 back [...]
THE BAZOOKAS COME OUT AGAIN!
At about 3 pm on Thursday, the market looked to be crapping out once again…but not to be. Big Ben and his cohorts, in a coordinated effort, leaked to the press that they were ready with their bazookas once again. That was enough for the market to rip to the upside into the close…and then [...]
06/01/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW Here’s what I was hearing today ladies and gentlemen: You know what we need? We need the people that can afford it to pay more of their fair share. We need to step up government spending. We need an infrastructure spending. I heard the President today blame everybody but himself and [...]
05/31/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW We Had a Wicked Day in the Market Very bad early. Then, right toward the close, the market was ripping and then I don’t know what the heck happened. They slammed it back down by the close. The story of the day, was that wicked action toward the close. The Dow, [...]
MARKET DEFENDED AGAIN AT SUPPORT INTO TOMORROW’S FAKE JOB’S NUMBER
Stripping away all the nonsense and all the blah blah blah, major indices are again holding support into tomorrow’s fake job’s number. All bets are off as it will be the reaction that matters. So…going into tomorrow, the market has been nothing more than a bout of nausea. Foreign markets have been much worse than [...]
MARKETS BEYOND OVERSOLD
It should now be obvious why we told you to watch those intermediate support levels of DOW 12,700, S&0 1340, NASDAQ 2900 and RUSSELL 780. When intermediate support gets taken out, it usually means there is some ugly to come. This is exactly what happened as markets here and across the globe had somewhat of [...]
MARKETS BREAK VITAL SUPPORT…AND HERE COMES THE UGLY!
In our past few reports, we told you that the market’s internals were deteriorating by the day. We then went on to tell you that if the market broke intermediate term support, it would lead to the next leg down. Well, the market is now in the midst of its next leg down…and it is [...]
