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Futures are whacked this morning. DOW down about 320 as we write this with NDX down 100. Blame is being put on Trump for ratcheting up the “trade war!” We do believe that is the catalyst this morning but we think markets were ready to correct anyhow. Remember, we wrote to you yesterday that soooo…

The Donald decided to ramp up the “trade war” tonight. Futures down 250 with NAS down 75. NAS has continued to lead. It is a long night…and most of these “trade war” issues have been bought up. But this is now getting serious. More in the morning.

Yuck…yuck and more yuck. Start with some money losing IPOs romping and stomping to the upside. Add in over 50% of the market bearish while some indices go to new highs. Add in very extended leaders. Add in put/call numbers off the charts bullish…and start the week with yuck. That 2800 area may be a…

Just for today, will not discuss what IS working. We do that in just about every report as well as on our radio show. What amazes us is how many things are still not working. Those areas are not necessarily bearish but are certainly not bullish. Most are in different levels of not working. UTILITIES…

The divergences widen. The good get gooder. The bad get badder. Leadership remains with tech, internet, software, cloud and a slew of recent IPOs (most money losers) going en fuego. While there is half the market in bad shape, the worry is the charts of the big financials. So far, it is just vicious rotation….

Fed raises rates….still at a measly 2%. Last time unemployment was 3.8%. rates were 6%. This morning ECB says they will slow down money printing but still keep rates negative into 2019. Amazingly, long bond rallies strong this morning taking long rates down. 10 year still under 3%. Futures up. Normal to do opposite of…