In this video I see some signs that the bulls are stumbling. I look at the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT) daily and weekly charts.
I then see what’s happening with the VIX and 3 key ETFS.
In focus today are the S&P BioTech ETF (XBI), Valeant Pharmaceuticals (VRX) and Goldman Sachs (GS). This video is an abbreviated version of what I provide to my Insider Members.
Arlington National Cemetery
This following is a post I wrote last year on Memorial Day weekend. I see no reason to change it as I am proud to remember and honor those who have gone before us. I am living free in this beautiful country because of their sacrifice.
Here in the United States it is officially Memorial Day on Monday. Cookouts, camping, boating, the Indianapolis 500 all part of the official start of the summer season. But on this Memorial Day weekend my thoughts turn to remembering my Uncle Bob.
Uncle Bob served in the Army in World War II and the Korean War and then at the Pentagon for many years. He was a great guy and my favorite uncle. I was fortunate to have been able to spend some time with him in the late ’80s when we lived in Northern Virginia. Continue reading
I’ve been talking about another move down now for a while and today’s price action sure looks like a possible reversal bar on the DJIA. Of course we need continuation to confirm. The DJIA was down 48 points with the SPX down almost 12 and the Nasdaq Composite down 41.
In tonight’s Weekday Market Wrap video, in addition to our normal look at the U.S. markets, I look at the German DAX, Shanghai Composite Index and the Baltic Dry Index. Stocks tonight are Apple (AAPL), Goldman Sachs (GS), Twitter (TWTR) and Boeing (BA). I also show the disaster of the day…Valeant Pharmaceuticals (VRX). Continue reading
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