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Lower. Okay i know i say this stuff every night all right . Maybe you think i sound like a broken record but the truth is im always repeating this mantra because of days like today where events can overwhelm you and gameplan cant survive even a minute of battle with the enemy, short sellers, s p furlt sellers, etf guys or fellow individual stock shareholders who decided to capitulate. Today a session with the dow down eked out another record five points at close s p another record nasdaq lost after being down this is object lesson day. Use todays incredible turnaround as way to show you how to set up your own battle plan at home for this unusual volt tillity admittedly im a bit of an extreme coach, exgame coach but i know i can teach you i can teach you. Let me give you setup. 2 00 a. M. I get alert on cell phone from unilever. Looked like bad miss to me it was release, nothing good. Gone to bed two hours before that slept in until 3 30. When i saw how hong kong had stopped because of ....
Through the last seven days, we can even relax as the weak gdp number. Im ready to put this week to bed and move on our game plan for the next one. Monday we hear from advanced microdevices, amd, a stock that was picked very high up in yesterdays very fun seemingly fit draft. And just like the markets like of new tech stocks, i dont know how this one will react even in the best of quarters. Intels numbers were widely panned last night. As i have repeatedly said theres nothing wrong with the company amd, the stock just has the stigma of running from 25 to 15 back in february and has been biding its time at 13 and change. The market has fallen out of love with last years darlings. Thats been a continue wall theme. Earlier we talked about cardinal health, a lousy business and more of a play on hostile supplies. No one paid any attention to this acquisition at the time, i bet that changes when cardinal reports and talks about it. Tuesday morning, we get numbers from cvs, which has been one ....
That old paradigm of political gridlock coupled with slow growth and, most importantly, cynicism. Cynicism, which also combined to produce hohum parks like today. Dow spliping seven points. S p inched up 0. 19 . Nasdaq advanced 0. 48 even after days of declines concluding with yesterdays crescendo of selling. Worst day of 2017. Now, look, ive been adamant, and you know that if youve watched this show, that this rally hasnt just been about the power of donald j. Trump to effect change in washington. I think the optimism that the president s created in the Business World through his endless projobs, antiregulation drum beat and rhetoric has been far more important for stocks than anything related to actual legislation in congress. Yep, the positive implications of deregulation coupled with better than expected profits have been the real impetus for the run. All that said, i totally recognize that my view is distinctly in the minorit ....