I feel like I’m at Yellowstone National Park as the geyser blows sky-high with the DJIA up 390 points today. A little bit of pressure release from a 3 day weekend with no major negative developments.
You do have to look at today’s action as compared to the volatility of the last several weeks. In tonight’s video I do that, briefly review the trade ideas and then look at AAPL prior to it’s big press briefing tomorrow. Continue reading
Below is the Trade Ideas video for week of September. In this video I review GPRO, LUV, LULU, ADBE and AAL. I also breifly look at three others. Continue reading
Selling pressure started to build last night with futures down big. China had more negative news that reinforced the slowdown picture. Japan dropped 3.8%. So the DJIA ended the day down 469 points. All of the indices had similar results. In the video below I show how my wave count on the DJIA continues to point lower. Stocks in focus are GPRO, LUV, ADBE, LULU and AAL. Continue reading
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