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“We’re putting the trade war on hold!” With those words, Mr. Mnuchin put a stamp on everything we have been saying  on tv and radio as well as in this column. There’s no stinking trade war. Very simply, these people are not idiots. Well….? Let’s just say at the very least, they probably took a…

AMAT down decently pre market which has led to LRCX down $7 and other SEMIS following suit. Something to watch. NDX futures down decently but RUSSELL hardly down. Small caps have been leading. OILS now VERY extended off another strong day yesterday. RETAIL acts well…a few names breaking out. With rates higher, UTILITIES, HOUSING, REAL…

By Gary Kaltbaum- March 17, 2018 We just wanted to alert you to some very important facts. Not opinion…facts! These numbers must be watched as very important costs continue to go up. Cost of energy, cost of borrowing, cost of doing business. All evidence in is that the economy remains in decent shape. After all,…

Futures down modestly on the S&P but down decently on the NDX. CSCO not helping. NTES whacked. Others to the downside are PLCE, ACXM, TTWO, JACK. On the upside are BZUN, DDS, WMT, MLNX, WWE. Yesterday was about RETAIL as a few names moving out of range. NKE, M, URBN,come to mind but also good…

Pullback yesterday…no biggie. The thought process coming in was market was tired off of the move off of the lows at longer term support. We suspect we are going to continue be range-bound…but range-bound is not bad. It elongates bases. It isolates strength. Of note: 10 year shot through 3% and now at multi-year high….

Over the weekend we said markets were stretched, extended and overbought in the near term. On radio yesterday, we said market felt ready for pullback. Not because anything is bad. It just felt tired along with the overbought conditions along with the action yesterday. Of course, that doesnt mean markets have to pull back. Overbought…