PRE MARKET

Markets reversed down yesterday off the fed as financials led down. This is to be watched. Very poor action combined with the poor action in the semis give us pause.

BUT most indices remain fine…most. A glance at the mid caps and small caps (MDY and IWM) show both breaking slightly below the 50 day moving average. This showing under-performance in these areas. Paty attention to this.

S&P futures about flat…NASDAQ better as AAPL gets analyst bump.

Off tv today as Kavanaugh stuff front and center.