Month: August 2017

Will have a couple reports over the weekend…one on the market and one on the state of the world. After yesterday’s yuck, futures bouncing a wee bit. From yesterday’s radio show: RUSSELL 2000 clearly breaks below the longer term 200 day moving average. TRANSPORTS are just below. We have been telling you to avoid these…

Uh…THINGS WORSENED TODAY. A 50-50 market probably now at 40-60 with a bunch of stuff rolling over. RUSSELL breaks the big 200 day average. Other indices break the 50. Stay tuned. Gonna be bumpy.

Futures down for a change. BABA beats nicely…up 5% pre market. After that, a few small gaps to the downside in CSCO, NTAP, BGG, SNPS and WMT, LB as the retail disaster continues. WMT has been acting much better than the rest…but reports again with basically no growth. LB is down over 50% in past…

Futures up but not a lot of movers early as we are past a lot of earnings season. After dropping 60% since last November, URBN up over 20% on a 33% earnings drop…but better than expected. After that, not seeing much but looks like the North Korea action from last week could be in the…

One of the most important things we can do here as well as on the radio show…is to tell you what to avoid. When we tell you what to avoid, it is for a good reason. Price is not keeping up with the market. Price is starting a downtrend. Price is in a downtrend. Price…