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Started By
Message
re: There are some major issues lurking in the US financial markets
Posted on 1/11/19 at 9:49 pm to LSURussian
Posted on 1/11/19 at 9:49 pm to LSURussian
Russian, a few things here:
1) Of course BOTH AAPL and AMZN (2 of the biggest weightings in the SPX) kept the S&P 500 cash index from going up through 2600 TODAY. It might have to do with the QQQs being at a huge resistance area, once again TODAY not this week, with 2 different moving averages converging, making even more resistance. Don’t go assuming that I say they won’t get through there (hell they may gap em’ up on Monday) I was only stating that right there close to the closing bell they had YET to do so as AAPL and AMZN were weak all day. That’s all I was pointing out.
2) This market won't make it close to old highs without tech leadership and with energy and financials not being strong, NO CHANCE.
3) Chant charlatan all you want. I’m not SELLING anything. You really need to lighten up a bit and have some fun. It is good for the soul. Life is short man. I don’t need to waste my time on here but sometimes I just need a few laughs while sipping some of my favorite whiskey.
Cheers!
1) Of course BOTH AAPL and AMZN (2 of the biggest weightings in the SPX) kept the S&P 500 cash index from going up through 2600 TODAY. It might have to do with the QQQs being at a huge resistance area, once again TODAY not this week, with 2 different moving averages converging, making even more resistance. Don’t go assuming that I say they won’t get through there (hell they may gap em’ up on Monday) I was only stating that right there close to the closing bell they had YET to do so as AAPL and AMZN were weak all day. That’s all I was pointing out.
2) This market won't make it close to old highs without tech leadership and with energy and financials not being strong, NO CHANCE.
3) Chant charlatan all you want. I’m not SELLING anything. You really need to lighten up a bit and have some fun. It is good for the soul. Life is short man. I don’t need to waste my time on here but sometimes I just need a few laughs while sipping some of my favorite whiskey.
Cheers!
This post was edited on 1/11/19 at 10:39 pm
Posted on 1/11/19 at 10:40 pm to Hussss
quote:
Of course BOTH AAPL and AMZN (2 of the biggest weightings in the SPX) kept the S&P 500 cash index from going up through 2600 TODAY. TODAY not this week,
quote:
They have been trying to get em' up through SPX 2600 most of the week. AMZN and AAPL are holding SPX back.
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