Wednesday, August 9, 2017

Big News: The Stock Market Is Down Premarket


president donald trump
You know we're putting Trump
pictures now regardless of
whatever this report is about.
You've been lulled into thinking that the stock market only goes up. We're here to break it to you that it's very normal for the stock market to go up.... and down on any given day. We would add though that just because the market is down pre-market or even by the close, that does not mean anything has changed. This our special report:  Down-day Premarket Handholding.

But But Trump

We've pointed out to readers or subscribers or anybody that will listen that just as often as you hear bad news one day, you get surprised with good news the next day.  2017. Anybody notice that yet? Comey, bad, no good. Market down, no up. 2016 Brexit, bad, no good. Market down, no up. Taper, oh no, bad, no good. Market down, no up.  And the biggie, Elections, bad, no good, market down, no up.

We see a pattern.

[No charts sorry, just close your eyes for a second and think back to all those events.... did you do it?? C'mon we're expecting user engagement here, Google or Facebook will know if you actually closed your eyes.]

But But Trump

You said that already. With President Trump and North Korea, let us give you the other side of the story.  All the press is itching for something bad. Bad sells newspapers (do newspapers even exist anymore?). Reporters are absolutely itching to spin something bad.

But Elazar Trump? I Mean North Korea

True. Our point is that one day things are bad but the very next day things end up being good. That's the market environment we're in.

Let's give you the other side of the coin (not bitcoin sorry). Bitcoin?

Let's say US intelligence goes swoops in there and takes care of things quickly and quietly. Can it happen? Definitely it can. Without any illegal leaks or special connections Elazar has legally attained that thought process. [We don't even know Comey. Comey who?]

We've read that the North Korean leader is scared which is one reason he mistakenly talks so boldly. That scared just needs a little push. That's our total guess of why President Trump is enacting his patented Art Of The Deal Diplomacy and who's better than Trump. I mean hey he was the star of a TV show.

So that's the good.

The bad, we hope there is not the bad that people worry about. We'd guess that as President Trump is speaking big, secret mission teams are swooping in and everything in the world will be fine.

Gold

This morning with gold finally up we're turning short term bearish. You can see we put real-time comments in comments.

Conclusion

Let's hope for the good. We think things will be ok. [We do not base our thinking on any illegal leaks so we don't really know more than you.]

Class, Sorry, Prepared Or Not.... It's Reading Comprehension Time
When the market is down in the pre-market it means
A) The world is coming to an end.
B) The bull market is over.
C) That bitcoin traders are playing games with the S&P futures.
D) Not necessarily that much.

In a world of 'oh no' every morning have shot of Elazar, on us.
Even before work.


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By: Chaim Siegel, Elazar Advisors, LLC, Happy and profitable trading!

Disclaimer: Stocks reported by Elazar Advisors, LLC are guided by our daily, weekly and monthly methodologies. We have a daily overlay which changes more frequently which is reported to our premium members and could differ from the above report. Portions of this report may have been issued in advance to subscribers or clients. All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. Ratings are based on hypothetical trade directions. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks.

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7 comments:

  1. Some time ago, I wrote what the US should do re. No. Korea. After that, I read in WSJ what former Sec. of Defense said we should do, which was very similar to what I said. Do great minds think alike? Nah! More likely we were both just talking common sense. Every night on the news: "We need to have talks and negotiate." Ya think? But everyday, No. Korea says they do not want to negotiate. Is that common sense?

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    Replies
    1. i think we'll wake up one more morning with good news that this bad news has been resolved.

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    2. Let's hope it does not include that no one can live on the Korean peninsula for 100 years.

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  2. gdp now 3.5% for q3. it keeps picking up

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  3. SPY et al, should get a tradeable bounce near here-244.5, maybe one more low closer to 244. Then up, maybe even squeak out some new ATH's before the bigger and stronger wave down really gets going. QQQ looks like it's already in the bigger down move, but a few tech stocks, like AAPL could make some new ATH's in a week or so. Not optimistic about GOOG, and now it's dancing with its 100day sma.

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    Replies
    1. Thanks Warren for your take. I'm a bull. markets are allowed down days. i very much respect if you can slice it finer.

      Delete
  4. SPY: Strong move down today. The Elliot Waves are in control now. Short term trades in both directions until SPY gets below 240. By that time there should be hints about any lower targets, but the last time 240 was touched the volume was not enough to suggest the real bottom of this pullback phase was completed. IF, and it's a big if, there is some kind of quick crash, there will be lots of motivated buyers near 230-232. Some traders already have their limit buy orders in place, just in case.

    ReplyDelete

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