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A few things sticking out this morning: For a change, oils/energy have the bid. The fact is oil prices have moved up recently while the stocks lagged. Today, the stocks play some catch-up. A glance at the OIH, XLE, XOP and you will see 6 weeks trading at recent lows. Draw a line under the…

Futures are down a wee bit after an up day yesterday. Loved yesterday’s action in growthland. Hopefully, it continues. Other areas bounced including OIL PRICES which rallied back above the 50 day but most oil stocks remain gross. Today is fed day. They spent the last two days playing Space Invaders, Ms Pacman, Galaga, paper…

Futures up a wee bit after a rough day yesterday! Before yesterday: About 55% of all stocks in our universe were below resistance and the 50 day average.  Quite a few are much worse. There remain many bearish areas like real estate, utilities, housing, energy, oil & gas, a ton of consumer staples, a bunch…

We have been telling you that over 50-60% of the market is already in poor shape. We have been telling you the highs of Jan 29 were the highs for now (though for a moment, the NDX and NASDAQ hit new highs!) We have been telling you that the lows of Feb 9 would not…

For months, we heard how the Dow would rally another 1,000 points and another and another. We were told the next 1,000 points happened in 2 months, 6 weeks, 4 weeks. We have another statistic that longer term, is far more important. On September 8, 2017, the national debt hit $20 trillion. On March 15,…

All quiet except ADBE up nicely on numbers and money loser OSTK down on big losses. OSTK ramped for a while off of coins but that is heading into the dust bin. Notice energy rolling over at the lows. Commodities also suspect here. No changes. Hoping for markets to calm a bit. Not thrilled with…