Can Walter White Save the Market?
I kid, I kid. Of course I don’t presume a stock like AMCX could lead a horse to water, let alone the entire market. But you’d have to admit that the chart for the Breaking Bad cable network is as ripe as any for a further breakout if the broad market can get out of its own way next week. This kind of relative strength is exactly what you are looking for in the event of a market bottom. Also note that with the DISH deal out of the way, the chart is in good shape to attack $47 next week.
I will have a full look at the broad market over the weekend in my Weekly Strategy Session (please click for details).
Also be sure to check out The Fly’s comprehensive daily PPT/market recap for members of The PPT, and @RaginCajun giving his daily recap for 12631 members.
Have a great weekend.
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4 Responses to Can Walter White Save the Market?
here’s the tip if you are rich….so it went from 80′s rolex watches to muskoka boats, the next item that billionaires collect? Classic train engines – sound funny? Not if you know about the Ayn Rand thing coming…
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Haven’t read the entire book, but have seen some movie “Atlas Shrugged part one” on netflix. What, governments going to buy them after they nationalize rail?
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btw, being a chemist myself – we all laugh when they are looking for Methyl Amine – my god, that is the easiest thing for a chemist to get….they never talk about the P2P – which is the real precursor….lol
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Breaking bad just made me wonder… Do rappers use their music businesses to launder money?
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