February 26, 2024

BUFFETT SITTING ON RECORD CASH BUT CANNOT FIND DEALS, DATA HEAVY WEAK AHEAD

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Record Cash

Please click here for a chart of Berkshire Hathaway stock (BRK.B).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of BRK.B is being used to illustrate the point.
  • The chart shows that BRK.B is jumping up this morning after slightly beating earnings estimates.
  • The chart shows that after the breakout, BRK.B has continued to power up.
  • The chart shows the move up in BRK.B stock is accelerating.
  • RSI on the chart shows that the Berkshire rally may not go much farther.
Please click here or the title below to read more.
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