First, I apologize for the emails last night. We all received them as well and no one understands why quite yet. We are looking into it right now and hopefully.
Today will be interesting for the markets. As I noted, the market has trained most to buy the dips and big sell-offs are followed by new highs. The gap up.
I am back and the sector has barely changed. I do feel, however, that we are closer to a move lower than before. The market seems to be revising both.
What an odd market. Fundamentally it should be struggling. It was overbought and PE stretched and we are now starting to see earnings warnings from the corona virus and yet.
The sector seems to be in decision mode. It is hanging right around the recent highs and it is almost as if the market is trying to make up its.
The sector seems to be in an odd spot. Fundamentals look fine and the trading is not awful but the chart looks precarious. We might have 3 lower highs and.
The market and sector have done much better this week than I expected. It is time to revisit my views as despite the many headwinds and issues that continue to.
The market seems on edge. It looks like people want to sell but have been so trained to be the dips that it is almost like muscle memory at this.
The sector bounced right where you would expect, which is a positive sign. I am still not convinced that it is setting up well for the near term but you.
Thanks to everyone who was on the stream yesterday and those that watched afterwards. Not much has really changed between now and then. The sector appears relatively weak but perhaps.
I think the trading context for the near term is basically set. We have a potential macro scare with the Wuhan coronavirus, earnings, and the sector trading just below breakout.