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re: FINAL RESULTS: 2019 Top 5 Stock Pick 'em Contest as of 12/31/19 on page 32.
Posted on 1/16/19 at 3:34 pm to Hussss
Posted on 1/16/19 at 3:34 pm to Hussss
Several times over the past couple of weeks you've said that the "rally" is not sustainable until the banks lead the way.
The large banks have been up big the last two days with Goldman having its best percentage up day in a decade, up almost 10% just today.
Bank of America is up over 7% just today.
And JPM is up about 3% the last two days in spite of missing its projected quarterly EPS yesterday.
So......
The large banks have been up big the last two days with Goldman having its best percentage up day in a decade, up almost 10% just today.
Bank of America is up over 7% just today.
And JPM is up about 3% the last two days in spite of missing its projected quarterly EPS yesterday.
So......
1
Posted on 1/16/19 at 4:53 pm to LSURussian
The average stock is up close to 13% since Christmas Eve. Half this rally from then was in one day. Wave 2 counter trend bounces are normally strong. This is not surprising one bit. What’s the point? GS was down 30-40% off the highs. Do you know how counter trend bounces work? Get back to me when GS FULLY recovers.
Financials and Transports are still underperforming which is signaling weakness. You familiar with Dow Theory?
Yeah XLF had a nice couple of days. Let’s see if they can keep it going. I highly doubt it.
Financials and Transports are still underperforming which is signaling weakness. You familiar with Dow Theory?
Yeah XLF had a nice couple of days. Let’s see if they can keep it going. I highly doubt it.
This post was edited on 1/16/19 at 5:03 pm
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