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ANOTHER JACK TO THE UPSIDE MONDAY

ByGary Kaltbaum

Is it me or are we seeing another mystery Monday gap to the upside? Either way, markets were oversold near-term coming in and the will be worked off on the open.

A FEW OTHER THOUGHTS:

Japan’s GDP comes in at a yearly 4% clip. If I was printing a trillion each year and keeping rates at -.5%, I would have GDP at 10%. Japan also buys up their markets.

The market is no better than a 50-50 market. Last week took down a few more names.

China markets, which were slammed past 2 days, biggest mover overnight.

TRANSPORTS will indeed be holding 200 day average for the 4th time since May. RUSSELL will bounce off it on this gap.

Some of these gaps have been reversed. To be watched.