Market Look

Futures down a few this morning after a good day yesterday. Volume was lighter. Improvement off of last week’s low. It was last Monday where we thought A LOW was being put in because of a bunch of positive divergences combined with a HUGE DOSE of continued bearish pessimism. But the move was stunning. Then…

Up 1300 yesterday…500 in about 2 minutes at the close. As we write this, down 750. Need we say more. The A LOW call from Monday stands. Every DOW point up makes it stronger and with Powell going to print $10-20 trillion, who knows? Yes…they say $4 trillion…yeah sure. Powell had already printed like $1…

We now tape radio that airs at 6 pm because of the virus situation. When we taped today, we made sure to mention that the nasdaq/tech/sox were doing the opposite of Monday. On Monday, they led big time. Today, lagging. Markets sold off into the close led by guess what? Those areas. Not sure what…

Well…we told you after the close yesterday that we expected some sort of rally as tech/semis/nasdaq were shining underneath the surface of the DOW down 562 points. Little did we know we would gap up around 1,000 and finish over 2,100. Just a few thoughts: More of central banks taking over the market. We hear…