Latest Posts

We have been telling you for about two weeks about our worry with the recent action in financials. They are being distributed with in our eyes, near term bearish patterns. We bring this up because since the election, financials led the market up. It is not a reach to say if they head lower, they…

Futures up a wee bit. We are watching closely here as we enter earning’s season…especially financials. On Friday, C, JPM, PNC and WFC report. The reactions will be important as financials have had some distribution recently. Since they have led up, we have to watch if things worsen, will they lead down. So far, nothing…

We will have a bigger report on Sunday but: Tech acts well. Internet acts well. Beta acts well but: JUST WATCHING FINANCIALS. They rallied up a little bit this week but the pattern, to our eyes, is suspect. It looks like a topping process. Bad break, rally up into resistance (which was support) and moving…

Wish we had more to say…futures down a wee bit as it looks like the market may be settling into some rangebound action. This is not bad at all. The market does need rest. The market does not to work off some froth. The good news is that while it rests, the action underneath for…

And we remember CNBC making fun of the man and his laugh many years ago.