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the pullback will be bought. it's consolidation pattern, so bias is up.
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note ORCL
disappointing outlook
"Co-Chief Executive Safra Catz told analysts on a conference call that the software giant expects revenue in the fiscal second quarter to grow in a range of 2% to 4%, on a constant currency basis, compared with analysts’ consensus of 4.7% growth."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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So far, the indiv sector perf echoes this prediction-- none of the sectors I track is up or down more than 4/10 of 1% today. Ten year and 30year bond yields are nearly flat on the day, and sitting right around their 50day MA. Very average, very stable.
So far, the indiv sector perf echoes this prediction-- none of the sectors I track is up or down more than 4/10 of 1% today. Ten year and 30year bond yields are nearly flat on the day, and sitting right around their 50day MA. Very average, very stable.
do you track semiconductors boss?
$SOX
SMH (1x)
SOXL (3x)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Dr. Copper’s mad bull run from about mid-July to early Sept has now somewhat reversed. JJC has retreated from its high around the first of the month (at about $36), to the current level of $33, which is right around the 50day MA.
GLD and SLV are currently still above their respective 20day MAs.
Tee hee, Al D! Caught me being lazy.
My main list carries about two dozen. My short list only 12. (I'm not currently at my desk where I have all my bookmarks and streaming platforms.)
Main point is the same tho-- when the component sectors are themselves rangebound, the indexes almost always do likewise.