Excerpt from Louis Navellier's Marketmail - 11/20/2018
Yesterday, November 19, NASDAQ successfully tested its October 29 lows, so it looks to me like the selling pressure is finally being exhausted. Traditionally the best day to buy is the Tuesday before Thanksgiving, when an early ‘January Effect’ typically commences. If Treasury yields continue to fall, that could take pressure off the Fed to raise rates much further, since the Fed seldom fights market rates. If that trend continues, any dovish comments from Fed officials in the upcoming weeks could spark a big market rally.
In Income Mail, Bryan Perry asks some hard questions about America’s resolve in standing up to China’s many economic and human (and animal) rights violations. In Growth Mail, Gary Alexander has some positive news on earnings and historical market trends over the holiday months. In Global Mail, Ivan Martchev links last week’s NVIDIA earnings call to the sinking fate of bitcoin, then goes on to project bitcoin’s future price to zero. Jason Bodner rehashes the market’s positives, which so many doubters have ignored when asking him to “tell me again why you are so bullish?” Then I’ll return to look at the dramatic 20% decline in oil prices since early October as a potential sign of a slowing global economy.
Wall Street’s Whine-and-Cheese Party
By Bryan Perry
Will America Finally Stand Up to China’s Excesses?
2018 Earnings May Double Late-2017 Expectations
By Gary Alexander
Another Reason for Thanksgiving: Rising Year-End Markets
Victims of the Bitcoin Insanity
By Ivan Martchev
My Technical Take on Bitcoin
Another Week, Another Nail Biter
By Jason Bodner
“So, Jason, Tell Me Again – Why Are You So Bullish?”
A Look Ahead:
Crude Oil Prices are Falling Fast
By Louis Navellier
The Fed Weighs a Slowing Global Economy