Month: March 2018

What? You never see a Dow down 150, only to finish up over 300? Seems the norm right now. Here is what matters!   GLAMOUR GROWTH still acting strong measured by NASDAQ/NDX. SEMIS strong. FINANCIALS, especially SMALLER/REGIONALS strong. BAC and JPM holding the 50 day. We do not need to talk about any other areas….

Pre market: Futures down decently as they have dropped in the past few minutes. This after a nice reversal to the upside Friday led by the glamour growth names and for a change, the small caps. Tidbits: The NASDAQ/NDX/SOX all held the 50 day Friday. These are your leading areas. We are actually amazed there…

Hope you paid no attention to the Dow today. We knew something was up when the Dow was down 200 but the NASDAQ/NDX was turning green. Today was a strong market day. Today was a strong reversal day…regardless of the DOW. The A/D on the NASDAQ is 20-8. Even the A/D on the NYSE is…

With the DOW down 190, we noticed the NASDAQ-types coming on and thought a positive divergence was playing out. Anything can happen within the crazy days we have been seeing but the positive divergence is taking hold. The DOW is now only down 90 and the NASDAQ is up nicely with the RUSSELL (for a…

Anything is possible in this market so let us just report: With the DOW down 290, the NASDAQ starting to get a big bid with the A/D going nicely positive. With the DOW down 290, many NASDAQ names are green. With the DOW down 290, some of the major indices have penetrated into the big…

Everyone blaming the recent drop on tariffs. We have news for you. Obama had tariffs. Bush had tariffs. Everyone has had tariffs. Maybe the difference is that those tariffs were not announced with a bull horn. Maybe this is about going about it loudly. Maybe. We think markets are just doing what they were going…