PRE MARKET

Futures flat. Markets never go down.

Tax reform today. I think. From what I am hearing, not happy at all. Feels like a monstrous missed opportunity for a bunch of wimps that are afraid of their own shadows and have no core principles. Seeing nothing about size of government. Seeing nothing about government spending. BUT…we will wait for the whole thing to come out and will come back at you point by point.

FB was up $5…down $5…now down a measly $1.

BABA up about $5.

ESIO, LB, CF, RL, AN, FLT up.

PI, OCLR, FEYE,  GPRO, CYH, KEM, SYMC, MLM, W, CAKE, NWL, HABT, HBI, GOLD and TESLA gapping down. Tesla paying a little price for losing a ton. If they sold steel pipes, the stock would be $100.

Also…new fedhead announced today. Nothing will change.

AFTER THE CLOSE

A reminder of some things for tomorrow:

 

New fedhead announced…a dude named Powell. Nothing gonna change. Trump had a chance to put in someone that would normalize things but realized he wants markets up also.

Tax plan coming out. From what I am hearing, it is less than promised. In fact, there are things in it that downright stink. It seems they are going to raise taxes to lower taxes. Gee thanks!

FB gapped up, then finished down in AH. We’ll see tomorrow.

Other gappers to upside are ESIO, LB, CF, SHAK, FLT, ULTI.

Gapping down are PI, OCLR, FEYE, GPRO, CYH, SYMC, TSLA, YELP, HBI, CAKE, HABT. TESLA did not get away with a big loss but market has been forgiving. We’ll see what happens tomorrow but this is looking more and more like a company that is living off of subsidies, added debt and secondaries. Will not be able to do that forever.

PRE MARKET

Europe up stong after Asia up strong so we are up strong.

Movers to the upside:

X, SODA, EL, WYNN

To the downside:

CHKP, FISV, DDD, EVHC, EA, PZZA, PAYC, RGR, CRTO

OIL PRICES broke above range so some of the down and out OILS are coming on. REFINERS remain the strongest.

Facebook and Tesla after the close.

Lastly, they don’t even wait a day. From the President on down, both sides already politicizing a terror attack, that so far, left 8 people dead. Wish they would all shut the hell up for a day.  Prayers out to all affected.