PRE MARKET AND VENEZUELA

TRANSPORTS threatening to break out of range.

RUSSELL 2000 just below resistance.

S&P just below resistance.

MID CAPS on the verge of new highs.

Worst areas in bounce mode. When worst areas bounce, best areas show up.

Some answers to your questions:

TSLA…no clue how this ends up. Yes…nice reversal yesterday but too much news-driven crap to deal with. Good luck.

NFLX…may have put line in sand yesterday but needs lots of technical work.

Yes…we know about MARIJUANA stocks. Noticing a money losing name with $23 million sales trading with a $3.3 billion market cap. Probably doubles or triples.

NO…we do not like going to every 6 months earnings reports.

NO…we do not like the president jawboning the head of the central bank.

And a few stats on Venezuela:

Inflation, 2018: 12,615%

GDP growth, 2016: -17%

GDP growth, 2017: -15%

GDP growth, 2018: -16%

Economy since 2011: Shrunk by 70%

Share of population living in poverty: 87%

Average weight lost per person in 2016: 8 kg

Average weight lost per person in 2017: 11 kg