PRE MARKET

SO FAR…political turmoil means squat. Political turmoil here and political turmoil over there.

Bullish markets are made up of a lot of doubt, a lot of worry, a lot of crash predictions and a lot of caution. This one fits the bill. There isn’t a day that goes by that I do not receive an email calling for the end of the world. Maybe next week.

More of the same…glamour names still going…with no rest. Nasdaq/ndx leading. But the Russell 2000 now heating up as whatever is in there is now on the move with the Russell is on the verge of breaking out of a 6 month range.

Would also add that the financials PROBABLY confirmed recent important support levels will hold off of yesterday’s strong action. Not sure they will get going but it is a start.

Other stuff:

The pound whacked this morning on election news. Just became cheaper to go to the U.K.

A few airlines now on the tips. Watching for a breakout.

Homebuilders back at the tips. Also watching for a breakout.