Tuesday Sept 26, 2017
NDX dropped below its 50 day MA. Support probably lies at the 200 day MA at 5530.
Apple dropped another 1.34 helping the NDX to the downside.
XES Energy Optimism Confirmed
We suspected XES offered the best leverage for the buck and that has been the case during this rapid rally. The North Korea claim that the US had declared war on NK, given a Trump tweet, certainly helped. I note McMaster saying the rhetoric is no worse than it has ever been but I do not recall declarations of war being thrown around in such casual fashion.
No matter what you think, Trump is certainly good at mining social mood. He realized most Americans resent millionaire sports figures (especially those who would not enjoy this kind of monetary success in any other country in the world) randomly injecting political opinion into sports.
Las Vegas learned its lesson and now features the Donnie and Marie Theater. When the duo is not playing Olivia Newton John is the alternate. The only opinion I hear from Marie regards Weight Watchers, NFL take note.
Comments