Seriously, I do have an MBA and never ever did we learn about a business plan where you enter a mature industry filled with companies that have multiple sources of cash for head to head competition with zero competitive edge. Brand name doesn't count. Porsche design hasn't exactly taken over the world of consumer products.
Support resistance not working today. We hung at the opening print at the open, then shushed right threw both ways only to decide to bounce on it , this the fourth visit of the trading day.
Fox, Disney
DIS is 2.88% of the dow, as of 3/22.
DIS is the #17th heaviest holding out of the 30 dow stocks (compared to Boeing, the dow’s #1 heaviest stock… at 9.63%)
Daily:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
possible higher low, may test the range high from here.
Attachments
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Recall that 1/30/19 was the day Powell turned Dove, and 2660 SPX was the level of that “Powell Put”. SPX has remained well above that so far.
But glance at the banks, KBE, who have been quite soft this month, so soft that they broke their 1/30/19 Powell price last week on Thursday, and Friday with a gap… ouch…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
It is going to be very difficult to not make a lot of Apple jokes after today. Do they even have a board of directors or is it all just total group think?
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