Some serious turmoil occurring beneath the surface while they hold up the pillars of the market, AMZN, GOOG, NFLX to give the appearance of calm. It’s no longer the four horsemen on the NDX since Apple has now succumbed and dropped below its 200 day average. Media stocks were whacked this week including former stalwart DIS as the “bull market” model of constantly rasising prices on consumers to pad earnings is coming apart at the seams as consumers are abandoning cable tv.
IBB had a 4% hit on Thursday, new lows are creeping up again to 52 week high levels, a certain little component Nasdaq version is dropping to new lows while the NYSE version is waiting to break through its low from a few weeks ago.
We had the Bozocare bubble top a few weeks ago as mega insurance companies combined so that they can jack up premiums even higher now that they have their law firmly entrenched and have a new captive audience/ market at their mercy. Just tells me how badly things will be falling apart in the future in maybe a South Sea Bubble style denouement as consumers finally revolt against the mandates imposed by the corporate oligopoly.
If job data good tomorrow then market will fear the rate increase from the Fed’s… so they sell the SPX again. If job data bad then market thinks the Fed will put off rate hike until next year… and so they buy the SPX. A rally into the close today should mean we had good data tomorrow and therefore drop in the SPX.
Some serious turmoil occurring beneath the surface while they hold up the pillars of the market, AMZN, GOOG, NFLX to give the appearance of calm. It’s no longer the four horsemen on the NDX since Apple has now succumbed and dropped below its 200 day average. Media stocks were whacked this week including former stalwart DIS as the “bull market” model of constantly rasising prices on consumers to pad earnings is coming apart at the seams as consumers are abandoning cable tv.
IBB had a 4% hit on Thursday, new lows are creeping up again to 52 week high levels, a certain little component Nasdaq version is dropping to new lows while the NYSE version is waiting to break through its low from a few weeks ago.
We had the Bozocare bubble top a few weeks ago as mega insurance companies combined so that they can jack up premiums even higher now that they have their law firmly entrenched and have a new captive audience/ market at their mercy. Just tells me how badly things will be falling apart in the future in maybe a South Sea Bubble style denouement as consumers finally revolt against the mandates imposed by the corporate oligopoly.
Possible MA pattern forming: http://screencast.com/t/2Prf7DrPa
If we don’t save that level, then yes… we should tank.
I beg to differ with you. Monday thru wed hitting 1995 sp futures
Some how before the day is over with I expect them to save the rising trendline of support on the weekly chart around 2080 SPX area. http://stockcharts.com/public/1092905/chartbook/312846787
https://pbs.twimg.com/media/CLwOOpiUEAAbJw8.png:large
If job data good tomorrow then market will fear the rate increase from the Fed’s… so they sell the SPX again. If job data bad then market thinks the Fed will put off rate hike until next year… and so they buy the SPX. A rally into the close today should mean we had good data tomorrow and therefore drop in the SPX.
QID Fake Print showing 50 on August 6th 2015 http://screencast.com/t/HAikAV1U9k3
Thanks… I got it.
Red. I sent u an email. Fp on qid 50