Wish we had more to say…futures down a wee bit as it looks like the market may be settling into some rangebound action. This is not bad at all. The market does need rest. The market does not to work off some froth. The good news is that while it rests, the action underneath for areas like the semis remain strong. Have a great weekend. Will have weekely wrap up for you on Sunday.
The Donald decided to ramp up the “trade war” tonight. Futures down 250 with NAS down 75. NAS has continued to lead. It is a long night…and most of these “trade war” issues have been bought up. But this is now getting serious. More in the morning.
Yuck…yuck and more yuck. Start with some money losing IPOs romping and stomping to the upside. Add in over 50% of the market bearish while some indices go to new highs. Add in very extended leaders. Add in put/call numbers off the charts bullish…and start the week with yuck. That 2800 area may be a […]