so we think about overbought like 70 rsi, 72 rsi.s where things have gone maybe too far too fast >> i remember and maybe it was close to around the time these things started to break out, you deemed this if i recall correctly the best fat pitch in the market, biotech. >> yeah, i don't think i was talk about in a one-year period. but the question was if we're going to have slower growth globally but they're still going to be an investor appetite for growth, what are the growth stocks that are secular and not reliant upon germany and china and japan growing gdp rapidly? these are those companies, the ones that are able to get through phase two, phase three, put products into the market if they have their own secular growth story, then they shouldn't be theroretically at least hanging onto every word of the federal reserve. they won't always so maybe this is the beginning of something new. >> all right, we'll take a quick break. we'll come back. mike santoli joins us for his midday wd xtorne >>> all right, we're back. senior markets com

protecting our associates, so the manual roughing process as it used to be was quite impactful in terms of rsirception outside that everything is moving to really advanced technology, and everything is automated. actually, it's not — we're making handmade shoes here. when i make a good shoe, i'm like, "i'm class." i've never really looked at how many people wear the product up until i've been working there but you realise it's massive, especially in the local area. this is the first time i've actually been down this way for over 30—odd year, i would have thought. you can see the factory now as it was. obviously, it's been done up a lot since then. this was all part of millers at that time, they used every room in this place. when i left school, you could get a job in a few days — steelworks, millers shoe factory, barter, that's not there now. well, i started off and you were called barrow boys and you used to go around taking all the wastage off the cutters. and i learnt how to cut linings and progressed onto cutting sandals and then on to cutting dress shoes and then onto cutting boots. it wa

the strength index is the rsi. okay?th at the same time. right? these are two important momentum indicators. -- and then late last month the s&p broke through -- of resistance at 3800. you want to located here. this is the resistance line. okay? now -- support running from 37 to 38 and that is 38 right there. so now it is down about 200 points from where it is trending. today the s&p broke out above -- level. 3998. i was talking about that with carl. because 38.2% retracement of the prior move is positive. the next stop could be the 200 day moving average which is currently 4078. you would really want to belong to this one. -- maybe this time it well be different now that inflation seems to be finally going in the right direction. let's not switch to that nasdaq. tech let us down all your. it peaked last year in recent weeks it has been leaving us back up ever so slowly. of course this would also be the first group to -- talking about big rate hikes again. that runs from 11,600 to 11,841. you are seeing the resistance ri

this company has a good long-term value and an rsi near 65 the price is approaching the $195 price targetme to sell my morgan stanley -- >> we did trim a little morgan stanley as you know. that's the kind of stock we like here remember, we are not in the price to sales nonsense, we are in real companies, real things, morgan stanley is one of those let's go to rick in michigan rick. >> caller: jimmy chill >> the chill's in the house. >> caller: me and my dog murphy are long-time listeners and big fans of the michigan wolverines. >> two like my friend adam schefter and murphy and the dog. giving him a houtout what's going on? >> murphy and i are in the dog pound. 70 pe. stock is intuitive surgical. >> yeah, okay. in another time i would say, listen, i think you just own it but i'm now even gun shy on the 50 times earnings in those stocks i would tell murph to be very careful. i don't want murph to have -- you get the picture. rick in california >> caller: boo-yah, jim. >> you are my goat greatest of all teachers why are you still doing this i'm teaching, did this, did that i'm teaching how

mean things can't change that's the current trend the other problem is -- and i know we can't show rsi or relative strength on the screen here take my word for itrsi is 78 that's off the charts. that's an overbought stock here's what i would say. you've got a huge gap coincided with the break above the 200 day moving average, healthy action i would like to see that overbought condition worked off a little bit i would even like to see a retest and hopefully the stock doesn't get back into that gap so 212, 215. that area from the top of that gap, let's see what happens when the stock retraces if the buyers come in and keep it here, i'm a little bit more comfortable buying it. but, again, you've still got this declining trend, and that could take a little bit of time to work itself out >> the other thing i would just simply mention i think the energy component is very under-appreciated. it's 35% i think of total revenuthink going to 45% of total revenue. it used to be 50% way back in the day. this is not just a construction equipment mining company i like as you know energy, and 10% of my

speaking of momentum here, we are now looking at a 14 day rsi on the hang seng index.e approaching -- who would have thought, over territory for -- no, we have not crossed the 17 line this year, which really indicates how i guess in some ways, how the downward momentum seen in this market right now. ok. rishaad: that's our colleague. david: i think there is an event taking place over in singapore. yvonne: yes, and there she is, u.s. trade representative katherine tai speaking at the new economy forum at the hotel. obviously, a lot of topics given the back of these talks at g20. here is more from the ustr. >> in person, i was just looking at the pictures this morning. and observing that the body language was very powerful from the photos of the two leaders greeting each other, standing together. you can see that there is a familiarity between them, a comfort between them, in terms of relating to each other. that is a powerful signaling to the rest of the world in terms of two leaders who are capable of managing a tremendous complex relationship. if you look at the u.s.-

questions that of an rsi of some the other factors. it's reasonable to think that there might be se factual issues o their that should go back probably mbe even back to the dish o corporate it could even require a. we won a summary judgmen o that but if you vaginally or at concerns about the treatment of the other factors i think it uld be the appropriate disposition. thu, your honor. >> thank you, counsel. >> thank you. >> ms. blatt. >> thank you, mr. chief justice, day it please the court. fairse is an affirmative defense. it involves a multifactor balancing test andactor one focuses on purpose. what is the reason or justification to take another's copyrighted work? the reason can be to avoid paying the customary price for the drudgery of coming up with something fresh. eopier has to explain why it needed and notus wanted to use someone else' expression. here, petitioner has never given any reason for copying ms. goldsmith picture to commcily licensed warhol's orange prince in 2016. indeed,arl got the picture only in 1984 becau ms. g