SPX .. some minor line adjustments.. struggling (horizontal resistance daily) / consolidating.. 2167.51 50d to the upside.. 2152.97 20d to the downside.. and the gaps..
Those who bought goog, aapl or amzn for fundamental reasons (and didn't care a damn about TA) made a killing these last few years. If I reflect: why the heck didn't I hang on to those equities after they had doubled or tripled? Heh? Too much TA can result in short-sightedness
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breakout as expected. the question is if it's for real, we'll have to wait and see.
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SMALLS
Bears are Dicks. Period.
Can’t breakdown, so they have to cover and squeeze the smalls up to the top of the range and test that again…
“Knock three times” formation. Key resistance: time for breakout or breakdown.
Overbought already, plus the quiet period begins this week = no buybacks
15 min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bond guru Jeffrey Gundlach:
"In the investment world when you hear 'never','' (as in rates are 'never going up'), "it's probably about to happen"
"You cannot save your faltering economy by killing the financial system…[DB] That is, in effect, what low rates do.”
Now is the time to pivot to fiscal stimulus http://www.businessinsider.com/jeff-gun ... us-2016-10
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
the 3rd attempt to breakout, hopefully it's for real this time.
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SPX sideways… .. ever since the introduction of bi-weekly "Wed" options on the indexes..
we have crappy movement.. gap.. then sideway .. or it's a holding pattern.. till the election… painful.
resume watching paint dry.. .. rant finished.
Apple is named the biggest corporate tax avoider in the US after booking $218 BILLION of profit offshore last year… Tech giant was able to save $65.08 billion that it should have paid in tax
Second was pharmaceutical giant Pfizer with 181 offshore subsidiaries
Goldman Sachs had £21.9 billion in foreign companies. The investment bank had 987 offshore subsidiaries in offshore tax havens, 537 of which are in Cayman Islands despite not operating a single legitimate office in that country. http://www.dailymail.co.uk/news/article ... er-US.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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