Buy backs normally have stocks going up. Now they are saying buybacks are negative. They can change the book any time they want. Easy money may be on the short side.
At present only OCN knows the truth and it is difficult to trust them.
That must be why FLR and CBI went up. JEC just received 2 more contracts today. With money available at such low rates this is the time for companies to get work done. Stocks that are not making any money are going up. One might think is has something to do with those that control the market.
Today URBN reminds one of Friday's in 2008. Fast and furious drops. GS in control. They would short and near the end of the day would cover with clients stocks who wanted to unload in the panic. It is easier than Monopoly for them. They really do have the monopoly.
Operative word is "suggest". Basically telling you we are going bankrupt.
GM very weak. Would have to be a big move up in the whole market otherwise looks more like new 52 week low.
Doesn't really matter when the folks that take stocks up or down are shorting and selling. If they are not buying many of the bids are shorts covering. They are not real buyers. Consequently those stocks fall and they fall quickly. GM sold the most vehicles in the third quarter since 1980, yet it hit another 52 week low. We are just the pawns in this game. One has to be very diligent and attempt to do what the big money is doing as we know what happens to most pawns.
Lots of volume yet when they want to take it lower there seems to be no problem. Looking for it to go red. Looks so much like 2008. Even when we had a nice up day by noon when 4 PM came along many of those stocks sold off and ended in the red. Granted there are always some that keep a nice gain. Even if CHK is not red it will not be much of a gain.