SOME MID-DAY NOTES

Anyone thinking we are going to revisit lows, get over it.  Another repair day and this time, the weakest names and areas are now curling up and completing their lows. If the weakest areas are done going down…

STEEL be rumbling because everyone likes a trade war. Rumor out of the WH is that the Trumpster going to slap some serious on foreign steel.

Good reaction to AMAT lifting SEMIS and equipment makers.

OILS (the weak of the weak) turning up after wicked drop. That’s helping today.

In the DOW,   28 up. Look at a weak JNJ turn up.

And since we are being asked,  AAPL had bad reaction to numbers and has V-shaped up. Remember, the bad reaction was right when market was topping to start the 12% nausea to the downside for major indices.

We will have broader thoughts on the weekend but looks like that 12% was a quick event and the wicked reversal up last Friday was it.  And yes, we are amazed on the move back up. Then again, we were amazed at the drop also.