PRE MARKET

We will have bigger report on market tonight. Futures flattish.

Pre-market:

Oil prices up sharply off of Russia/Saudis possibly extending OPEC pact. Prices up about 3%. Not a lot of leadership in energy at all. See a few set-ups in names like TOT but again, no leadership.

Cyber security names up nicely on big cyber attack. Scary stuff. Real scary! What else can the bad guys do?

Not much else except the usual bids early in some of the big tech/internet names that have been leading.

Earnings to watch this week:

Tuesday: HD, TJX, HPE.

Wednesday: AEO, TGT, PLCE, CSCO, LB, SNPS

Thursday: BABA, RL, WMT, PRGO, AMAT, ADSK, GPS, ROST, CRM

Friday: DE, FL

 

 

PRE MARKET

Futures flattish.

But more fireworks off of earnings.

TTD huge gap on numbers to almost new highs.

JCP and JWN down in the continued trashing of big retail. This report has been telling you to avoid big retail for months and months and months.

Not much else. All the noise is on this Comey thing and how it affects the market. So far…no biggie.

THE CLOSE

When the DOW is down 140+, the S&P 20+ and the NASDAQ 50+ and come back like it did, it is good news. When the 50 day gets bounced off of on the RUSSEL and the DOW, it is good news. If that important support gets taken out, you will know it.

Major indices remain range-bound with the NASDAQ/NDX leading. Until the 50 day gets taken out, nothing to sweat about.That’s of course unless you own the big retail…which we have been telling you to avoid. The group simply worsened today.

 

Quite the interesting Social INsecurity facts!

SOURCE: http://www.foxbusiness.com/markets/2017/05/11/10-jaw-dropping-stats-about-social-security.html

No Mr. Lampert, you turned KMART/SEARS into a —- hole!

Eddie, you should just shut up. You made billions off of failure. You let your stores turn into dark, dirty, dingy, behind the times stores. Well done!

SOURCE: http://www.reuters.com/article/us-sears-shareholders-idUSKBN1862R2

One of my favorite 1972 Dolphins falls through the cracks!

We did not miss a game. 80,01o people in the Orange Bowl for each game. We had second row upper deck about the 40 yard line. Was there when Griese broke his ankle against San Diego. Was there for every win. We have only one question now. Just what the hell is the NFL doing to take care of their own. It is no longer a debate about the long term prognosis for many players.

SOURCE: https://mmqb.si.com/mmqb/2017/05/09/jim-kiick-miami-dolphins-nfl-concussion-lawsuit-assisted-living