It ran from about $34 to $40 in 9 trading sessions in a counter trend, so I expected a correction. What is troubling though, is the extent of the one day correction. 6% on a half day of trading is extensive....I wouldn't want to see a break of $35.50 next week, that could be problematic.
Clinton's populist rhetoric is really wearing thin. And she supports Obama's foreign policy and do nothing approach when it comes to ISIS and terrorism. I'm afraid for our country.
Reading of 90 printed, 99 was expected. I think the only thing the consumer is confident about is the bear market that's coming. Retail surveys say traders would like to buy the SPY at around 185....
That's a very subjective conclusion, and speculation from a sell side analyst. Just because of a 200 phone user survey, he concludes the upgrade cycle will shrink by 7 months on average...Munster has been pumping the stock for years....I think if he became cautious on the stock, lowered his price target which is extremely unrealistic, and reported on the supply chain issues, the stock would break the downtrend and go up.
"Piper Jaffray analyst Gene Munster said the firm's survey of 236 U.S. iPhone 6S users showed that that 31% of them expect to upgrade their iPhone every 18 months or sooner and that 18.5% plan to do so every 12 months or sooner. Munster views the data as an early positive sign that U.S. carriers' shift to an installment-based model is allowing users to upgrade more frequently and he foresees the average iPhone upgrade cycle shrinking to 15 months from the 22 month average seen today. The analyst keeps an Overweight rating and $179 price target on Apple shares."
A SURVEY of 236 Iphone users? Really? And 31% expect to upgrade, which means 69% do NOT expect to upgrade.....Why does this guy incessantly pump Apple? Maybe if he backs off, the stock might go up.
Contango is not a factor here, so it appears to be the option players betting against volatility. I think that will change, as I don't think the market holds up this week and next, there's way too much pumping by strategists and other CNBC clowns.
The buyout prices Allergan at $363....this move doesn't make sense to me.
The only one I can think of is ISIS, which has grown into a multi-billion dollar terrorist organization, with oil and other interests. But Obama said the latest attack in Paris was a "setback", and he plans to bring all the refugees here no matter what. As for American companies, it's all about the share buyback, and smoke and mirrors....
Tom Lee, whom many may not realize, is paid dearly by CNBC to appear on their show bi weekly to pump the markets. When the Fed chose not to raise rates at the last meeting, Lee came out and said that was the right move, and the markets will continue to rise. Now that the consensus calls for a rate hike in Dec., Lee just appeared on CNBC to tell the world that "the markets will embrace a rate hike". That should tell you something about Tom......You see, I hate strategists and others who say "this is what is going to happen", as opposed to "in my opinion, we think this MAY happen", or the real truth, "we have no idea where the markets will go from here."
The day isn't over yet.....The leveraged VIX plays are climbing, and the fear options are driving the price. This is a Nike and Intel based advance...It's called chasing the winners for portfolio performance, nothing more. The markets are hanging on a thread....
For the first time ever, it's a tie! Nike and Intel! NKE elected to go with another stock buyback and stock split, and INTC was pumped by analysts, the day after "analyst day"....How convenient! Will the madness ever end?
Chicky, I think the underlying theme is selling right now, i.e. the down volume is exceeding the up volume. So although the market indices are flat give or take, the options players (Vix related) are betting on a decline. You may not "see" the bear case just yet, but that's the point....the smart money is selling into the advance, or short covering....I think it's there Chicky, it's just a matter of time.
All morning long the market was up, with the Dow up about 20 at one point. Yet the leveraged VIX plays have been trading up all morning long, and now that the markets are red by a bit, the VIX plays are heading even higher.....What does that tell us? Wait, I'll weigh in on my own question....it tells us the market WANTS to go down, and will go down. Let's all just embrace the bear market coming to the US markets.
when it spikes on a short squeeze in a confirmed downtrend. It may be prudent to wait until it gets closer to $55, but this is clearly a great opportunity.
You can't ask for much more than this to rock the entire pharma, generic, and biotech space tomorrow and Friday, and probably into next week. As for Lannett, technically it looks like we may be headed for at least $40 next week.
Terrorism, pathetic retail sales, a manufacturing recession, non existent top line growth, China weakness, a weak Federal reserve who's now raising interest rates, yep it's all coming together now.....All these things and the market is a stones throw away from new highs....