PRE MARKET

IBM yonked again as sales down again. UAL and CSX also down.

Big story VRTX on drug news up $35…helping overall biotechs where the IBB looks perfect.

ASML nice gap. MS smaller gap.

The story is beta/tech/internet/China adrs/Semis are back and in a big way. The June 9th top lasted to July 7th and instead of bouncing up, it has ramped up.

And the Republicons cannot shoot straight.

Just remember what we have told you for years here…not being talked about is the continued trillions of dollars of printed money and the negative interest rates. That is what is doing the trick…and looks like will continue. Japan actually admits to buying up their stock ETFs.

And dont forget…earnings season is at hand.