Month: November 2017

Futures are down a bit. Strong Japan down 300 overnight. Europe weaker. Bonds stronger, yields down…meaning financials pull back. There has been a direct correlation with higher rates on the long end and higher stock prices. Just remember what we have written in past days about internals. It does not have to lead to anything…

Firstly, over the past few weeks, we have seen several famous pundits come out and state that the market was headed for a bear market. Not an ordinary bear market but a bear market in the neighborhood of a 50% drop.  They could be right. After all, we are the ones who have been saying…

Rough day but could have been much rougher. Major indices came back a decent amount off the lows. Just recognize, there is distribution up here. It does not have to mean anything. Just a point in time where the overall settles down and has normal pullbacks but: To repeat: TRANSPORTS now below 50 day. We…

Could the numbers be this bad? SOURCE: http://abcnews.go.com/US/tsa-fails-tests-latest-undercover-operation-us-airports/story?id=51022188

Futures are down decently this morning. Recently, we had been telling you about a bunch of divergences in the market. Namely: Advance declines not keeping up. Anemic new highs vs new lows. Small caps again underperforming badly. Transports breaking support and the 50 day moving average. Regional banks rolling over badly with bigger banks now…

Futures about as flat as flat can be but: COHR breakaway gap to the upside. TTWO strong gap to the upside. Other gappers are DXC, PLNT, MTCH, SYNA, REGN, HUM. Not a lot on downside. SNAP whacked even though someone taking a position in company. WIX, WEN, MGM, DVA also down. Just to recap yesterday:…