PRE MARKET

Well that was ugly…a big distribution day in growth as the NASDAQ/NDX just about tag the 50 day moving average again. We have seen this before with every time, the 50 day holding and price turning back up. We will let market do the bidding here. Just keep a wide eye open. If the 50 day breaks, trouble for growth and growth could be way overdue. Again, it has held before.

TRUMP raises the bar on tariffs. So far, no biggie. We think…eventually biggie. Tariffs suck. They suck bad. Other countries may feel the effect but eventually, we will feel the effect.

Watching the dollar here…seems like a top may be tracing out. If that’s the case, watch commodities, gold/silver and emerging markets. They could benefit as well as big multi-nationals. A top for the dollar has not been completed yet but certainly starting to trace a top out.