
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.