PRE MARKET

Apple was the whole Dow yesterday. The rest of the market continues to underperform the Dow, which is up 500 points since last Monday…the S&P is flat, the Transports and NASDAQ down…the Russell down. Not sure if it means anything or just rotation…but leave no doubt, past couple of weeks has divergences.

Gaps today: REGN, STMP, TSLA, TTWO, WYN, SEDG to the upside…

CAKE, TEVA, ABC, CXO, LB, BDX,  DDD, CENX, HOLX to the downside.

There are a bunch of little gaps both up and down.

S&P futures flat…NDX up a wee bit as Tesla loses a ton, is cash flow negative, has deposits decelerating, considering debt offering to raise cash, loses money selling every car,  burns cash at $13 million/day but still up $21 this morning.