Month: November 2017

Futures up…areas that were crushed yesterday with a bounce and areas that broke out in past 2 days, continue up. FINANCIALS, for the obvious, break out…bid up again this morning. The “tax reform” bill is really pro-FINANCIALS. TRANSPORTS, been lagging but that changed yesterday with a large 300+ point gain. Didn’t see any news. MANAGED…

This is what I wrote pre market this morning: Yesterday, FINANCIALS led the way as incoming Fedhead going to keep things easy but also said magic words…bye bye to Volcker rule which has prevented FINANCIALS from trading their own money. On top of that, the CFPB will be “taken apart” as many believe it was…

Dow futures up…S&P flat…NDX down. Yesterday, FINANCIALS led the way as incoming Fedhead going to keep things easy but also said magic words…bye bye to Volcker rule which has prevented FINANCIALS from trading their own money. On top of that, the CFPB will be “taken apart” as many believe it was just an unaccountable, politically…

Remember, it is end of month window dressing. Market will not go down. Seriously! Futures up…with a few mega-caps like AMZN, GOOGL up early. Not much in the way of earnings. TECD and THO are gapping up. MOMO gapping down. Just a word on something we said yesterday. When it comes to Bitcoin and Blockchain,…

Remember, we are into end of month window dressing. But of course, window dressing is illegal so it does not happen. Futures flattish. Not a lot in the way of earnings this week. AMZN up $13 off of Cyber Monday…but very extended here. And lastly, not at $100, not at $500, not at $1000, not…

Not much to add from last week. We now head into month end and a race to year end. Normally, we are now into seasonal strength but we have already had a good move this year. That doesn’t mean it doesn’t just keep going. The negatives: OUR sentiment numbers remain off the charts bullish. This…