Month: July 2018

No reason to get too in-depth on the market here as we now enter earnings season. So far, Friday’s reaction to a few big financials was less than stellar. The market has been improving. Even the DOW and S&P are playing catch up. But, by our proprietary estimate, about 50% of the market is still…

Uh…NASDAQ/NASDAQ 100. Uh…NASDAQ/NASDAQ 100. Uh…NASDAQ/NASDAQ 100. We shall leave it at that. Fast and amazing fact: Total return since the Amazon IPO in May 1997 Barnes & Noble: -13% Amazon: +91,644% Full report on the weekend.

I hold off from writing at night about markets because markets do not seem to have memory from day to day. This morning, we get the opposite of yesterday. Simple as that. A gap to the upside to negate yesterday’s gap to the downside. Thrilled yet. Even the moves in commodities are amazing based on…

Those that have watched my hits on Fox News and Fox Business or listened to my longer form radio show, know I am vehemently against tariffs. I have stated that the worry was not the tariffs currently in place but what happens when they go up to $100 billion, $200 billion and more? I don’t…

All the areas that have been under-performing, put in lows yesterday. These areas were said to be affected by tariffs but once the tariffs were put in place, the world did not end. So: DOW held 200 day. S&P held 50 day. TRANSPORTS held 200 day. BIG FINANCIALS (XLF) held big big support. INDUSTRIALS, COMMODITIES,…