Hubert Senters here.
Let’s go through a few charts so obviously, you’ve been seeing a lot of the gap down like CMG Salmonella has one of the coolest things, CMG Chipotle Mexican Grill. Gap down looks like food safety issues, that’s a gap down situation. You know about the Facebook, bad earnings gap and down. You know about TWTR, Twitter gap down situation. But look at Google, GOOGL.
There was good earnings. Gapped up and is going to go fill that gap and I’m not saying Google is going down by any stretch of imagination but even a good earnings number gaps up stays there for three or four days and then selling off. So there may be a few little chinks in the market’s armor. I’m not saying this is the mother of all bubbles.
I’m not saying we’re about to sell off but I’m starting to see a few things you need to pay attention to. We’ve got the Fed this week be ready for that. That happens Wednesday at 2PM EST whether the Fed will decide to raise lower or keep rates the same. And they’ll also give a little forward speaking about what they think.
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Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
