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Wednesday, November 20, 2024

Afternoon Reading–Tweet Me

By Ilene

Joshua Brown notes that technical analysis can lead you to the right questions but cannot answer them. As illustrated by Carter Worth, the S&P 500 is showing higher highs, but the number of stocks above their 150-day moving averages has been declining. Decreasing breadth is a cause for concern. (Carter Worth: Breadth Has Been Deteriorating).

Brian Wieser at Pivotal Research didn't waste anytime. Twitter Just Got Downgraded To Sell! In a rational world, TWTR is just too expensive. 

OTC Markets halted earlier today due to a "connectivity issue," according to the Wall Street Journal's Jacob Bunge (OTC Markets Halted).  See also: Entire OTC Market Breaks As Finra Halts All Quotes And Trading

Senator Elizabeth Warren's been quiet, but she's still around. Via Massachusetts Live, "I ran for office because I believe the playing field is rigged. Evidence of that is everywhere. Now I’ve been in the Senate for nearly a year and believe as strongly as ever that the system is rigged for powerful interests and against working families. That’s why I wanted to be here with you today." (Here's What I've Learned Since I Got To Washington.)

Is Tesla undervalued? Deutsche bank says so. "Dan Galves is sticking to his price target of $200" (DEUTSCHE BANK: Tesla Can Still Rise Another 40% From Here).  (Car photo courtesy of Business Insider, by Consumer Reports.)

It sure doesn't look like healthy sector rotation to me (About That “Great” Sector Rotation).

The meaning of no. Actually it has many meanings. (What "no" means.)

Are you rich and do you want to steal from the poor? Here's a tried-and-true technique: Housing – An Illustration of How the Rich Steal from the Poor.

Throw away your vitamins–A through C–and make a spinach salad sprinked with blueberries. The popular MULTIPLE is included on the list. "But what if I have a vitamin D definiciency," you may be thinking? Not addressed. (The top five vitamins you shouldn't take)

"But, I want to take something to feel good about my impressive and intelligent attention to my health," you may also be thinking. It just so happens that pot has astonishing medical potential. "Ironically, the government’s steadfast search for harm has yielded remarkable scientific insights that explain why cannabis is such a versatile remedy and why it is the most sought-after illicit substance on the planet." (Marijuana Miracle: 5 Exciting New Discoveries About Pot). 

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