extreme pessimism is now priced in and the rsi shows h&m is the most oversold ever.he second quarter is set to be miserable. they kept neutral saying the stock is oversold. sterling, sterling is one of the interesting h&mies, the weekly rsi for -- sterling's rise has done little to alter the view of london-based broker, argent ta ech. at 146.ees the currency they are saying the dwindling risk of a hard brexit after the u.k. and eu agreed to a transition period following the exit -- tighter monetary policy as the main reasons for the optimism. that is a look at the u.k. markets. valuingthe dollar index nicely following eased rhetoric on trade and potential that the solutions coming up sometime soon. and the yen playing a major part, it is weaker by a 6/10 of 107.cent, and well above around 18. trending let's move to gm and because some of the emerging markets are benefiting from all of this turmoil in the last few days. we see a bounce back and developed stocks, but emerging markets as well. same with currencies. the dollar strength is not too good for emerging-market

joe: you mentioned rsi.e a chart in the terminal that looks at the current environment relative strength indicators. what if anything based on -- what we are looking at, and what based on historical patterns might be gleaned from it? so, that is the relative strength indicator. if we were to assume that the market to the leaky -- typically exhibits this, that line with the right area underneath it makes it a lower high as the s&p 500 makes a new high. as you can see, that hasn't happened. momentum was at its peak as the market was at its peak. historically this is in fact the case where you typically see this the emergence -- divergence. seek the one-month peak, and we have a table somewhere -- i look at the u.s. markets and foreign markets. we have tracking markets. it tends to work at the top and the bottom. there we see the typically the 3.4 points below the peak of the trading day. joe: i want to be crystal clear here and summarize it. when we see the recent stop, which by your definition -- cameron: we

if you look at the rsi, today it touched to the penny the exact same level as the '09 level. and the stock over the last two weeks is holding up a little bit better than the market. let me show it to you on a short term basis. even if ge goes to 0 or 1 maybe an enduring bottom sets in. on the short term chart here is what is interesting. as again it continued low over the last several weeks and months the actual internals have moved higher. i think i want to stick my neck out and gamble that this less important stock is maybe so bad it's good. >> very bold call, carter. >> interesting so bad it is good. this is a company that was masterful at managing earnings forever. take a look at what has happened over the course of recent years. they missed. they had real big disappointments. things are worse than they thought. rather than reaching into closets and find little bags of money that they can bring out on earnings instead skeletons are coming out. that is the risk factor. they have been pretty forth coming in the most recent case about how disappointing some of that has been

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if you look at the rsi, it today touched to the penny the stakt same level at the '09 low. and the stock over the last two weeks is hold who up a little bit better than the market let me show it to you on a short-term basis we might at this point, even if it goes zero or one, that the lower path through a higher price or maybe an enduring bottom sets in on the short term chart, here's what's interesting it's copied lower over the last several weeks and months the actual internals have moved higher i think i want to take a gamble that this very important now less important stock is maybe so bad it's good. >> very bode call, carter. do you agree with carter >> it's interesting, so bad it's good this was a company masterful at managing if earnings forever look what happened over course of recent years. they've missed they've had real big disappointments. things are worse than we thought. rather than being able to reach into closets over a huge enterprise and bring out little bags of money, skeletons are coming out that's the risk. they have been pretty forth coming in the most

if you look at the rsi, it today touched to the penny the exact same level as the '09 low. and the stock over the last two weeks is actually holding up a little bit better than the market let me show it to you on a short term basis we might at this point shlg if ge goes to zero or one that the lower path to a lower price or maybe an enduring bottom sets in on the short-term chart here's what is sort of interesting. as again as it's continued lower over the last several weeks and months the actual internals have moved higher i think i want to stick my neck out and take a gamble that this very important, now less important stock is maybe so bad it's good. >> bold call carter. >> it's interesting. so bad it's good this is a company that was masterful at managing their earnings forever then look at what has happened over the course of recent years. they have missed they have had real big disappointments, things are worse than we thought. rather than being able to reach into closets all over a huge enterprise and find little bagsan money they could bring out on earnings instead

i'm looking at the rsi and bloomberg.pe in on the ericsson stock, it is chilling we saw the stock surged past the 50 day moving averages. we are even seeing that we are now in overboard territory. are we likely to hold onto these? what needs to be proof now but ericsson that this is the path they are likely to take the company? >> if you listen to what mr. ekholm had to say, ericsson is managing into the future. i credit them with being a bit patient because we still haven't yet seen the uptick in carrier. the move from 4g lte to 5g. we will see that flow through to the top line by the end of the year. in the meantime, it is a bit of a waiting game for erikson. fantasticjohn butler, research. coming up, we talk bitcoin bouncing back. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locatio

so you look at things like rsi things like percentage of stocks above the 200 day, which right now is still 60% and you say we have not yet really wash ed out to the point where this is something where we say okay, this is the big bounce, the one that counts. >> do you feel like the bull market is is teetering >> i do. that's not the end of the world. again, investors have seen something like 18% compound returns over the last few years. that is way above trend. to have it done in the midst of that does not end the world. think about the 1990s. you had an episode in '94 where you were down 20%. in '90, '91, where you were down 20%. you have these cyclical bear markets that didn't put the economy into a great depression, but they did happen. can't say they didn't. we were still in the midst of an 18-year secular bull if that's what's going on and we've got to do more work to bring out the excesses or faang name, i don't think that's something people need to panic for and when i see these massive swings you put up the chart b about earlier in the seg i say thank god we're dealing on the

stocks, and we want and rsi relative strength index measure and technical strength below 50.tain levels of liquidity in the options market. and in the major metric here is the three-month change in the current quarter eps. analystsld off work were sharply taking up numbers for the quarter that is going to be reported here. julie: but it is not priced in? jim: that is exactly right. julie: american airlines popped up here, and it is number three on your screen. is there any reason it stood out to you besides those criteria as you are talking about? jim: airlines are interesting here, delta reported -- ignited also reported after the close today that the american airlines also gave metrics last week for the first quarter, which are stronger than expected. higherrts stocks was crude prices, but they are weaker today. you have reporting that are and american reports next week, and trading over six times forward for full-year earnings. relatively inexpensive, have not recovered fully, and we think earnings could be a very nice catalyst, and that is what we are positioning for in t

back to the uptrend support line off the 16 lows, and for us, just a pullbackin and retest of support rsithat's encouraging the other stock we brought in is jpmorgan, 12% of the index, and, again, pulled back to support, retesting it, looks like it's holding it, looks like it's a buy-in from our perspective. interesting to watch the financials lately, tied to what's happening with the yield curve, whatever comes out in terms of economic data, headline risks around the trump tweets and geopolitics. are the fundamentals going to matter, and if so, what are you looking for specifically inside the earnings reports >> so we agree with craig that in the short run, this is a neutral. we do, though, think, though, that over the long run, you had some pretty compelling characteristics. one, economic growth across the globe is vibrant two, you also have credit trends, in particular with the consumer, that look also pretty stable and growing thirdly, deregulation that we believe gives a big earnings lift for not only 2018, but also 2019 so expectations for the quarter are coming up, roughly about 10