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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,…

Maybe if the trade war escalates, the market will really start rallying. (sarcasm) The most important part of the equation is that all major indices HELD THEIR RESPECTIVE SUPPORT LEVELS: The strongest NASDAQ/NDX/RUSSELL all held 50 day with NASDAQ/NDX really popping off of it Th and Fri. The NDX held to the penny. The S&P…

Tariffs now in play. Good jobs number even though headline number up to 4%. That’s because 601,000 people entered workforce. Futures mostly flat with NDX up a bit but that is mostly BIIB up $41 on some drug news. Markets remain in the muck and mire here but the best news is the 50 day…

Don’t blink. Reversal up Monday, a reversal down Tuesday culminating with a nauseating drop into the close on Tuesday’s half day. Of course, we walk into a gap to the upside getting back some of the drop from Tuesday. But nothing has changed. Big picture is still that January 29 was a high that we…

Half day today. Still don’t know why they have these days. We told you yesterday that the NASDAQ/NDX were again holding the 50 day average. This led to a strong close…which is now leading to a pre-holiday strong gap. Simple as that. For this second, the leading areas held right where they needed to. This…