Month: November 2017

With the DOW finishing up: The TRANSPORTS are moving below the 50 day. The RUSSELL 2000 is already rolling over and headed towards the 50, if not more. Smaller and medium banks may be rolling over. (KRE) (KBE) New highs vs new lows had been pathetic…and needs to be watched. A/D 9-21 on NASDAQ today…

As we write this, Dow is down a measly 50 points, Nasdaq down 31. But… We think it imperative to flush out any issues market is showing and even with a non-event of a pullback: The TRANSPORTS are moving below the 50 day. The RUSSELL 2000 is already rolling over and headed towards the 50,…

Lots of jello moving on the plate this morning…while futures are flat: PCLN down $160…yikes. Others gapping down are CAR, TRIP, SWKS, RRGB, TRUE, MNK, VERI, FN. Some are very big gaps to the downside. WTW breakway gap to the upside…the same on RCL. Others to the upside are VRX, HAIN, MTW. Other notes: Keep…

Futures are back to flattish after being down overnight. The Hang Seng was down 500 points but finished down a measly 6 points. Bear markets last hours right now. Not a lot in the way of earnings but: AVGO buying QCOM and AVGO goes up…even though QCOM sales and earnings are down. QCOM does not…

Some random thoughts: Prayers go out to those affected in Sutherland, Tx. Seems we are doing that a lot lately. After a longer look at the tax package, we are happy with the corporate side, completely unhappy with the individual side. After talking with some brilliant accountants, seems some middle class people are going to…

Futures up but mostly on APPLE which is up $6.50. OLED, ANET, ROG, MELI, MOH, FND, WING, TNET are up. DATA, STMP, COHU, P, SBUX, HLF, ACIA, LOCO, BLMN, CC, AIG are down. As always, missed a few and price can change quickly. But this is a good review. Will have market report as well…