| | |

PRE MARKET

Woke up this morning, getting ready watching tv, saw two pundits say we are going to have a bull market for about another 10 years. Will let that rest with you.

Futures down. No way! NDX futures worse than DOW/S&P. Don’t worry. Should be up by 11 am. (Sarcasm…maybe)

Just to be repetitive…sentiment indicators have been off the charts bullish and frothy…but as we have told you, sentiment is not a pinpoint indicator but something to watch. If the market decided to correct a little here, it would be as normal as a NY Knick loss.

Yesterday did give a little clue…DOW up 160, NASDAQ flat. It is those types of huge divergences that corrections come from.

One story out is that Iphone 8 not selling well…so AAPL down $2.60 this morning. Suppliers also smacked a bit.

ADBE updated numbers…up $11.

Gappers to the downside are EBAY, GPC, AXP, KALU.