Market Look

Yesterday was gross. Today’s open gross. Before today, growth was bearish and half the market wasn’t happening. The other half now under pressure. Near term oversold but we must tell you, lots of charts potentially turning down. Keep in mind, for a good amount of time, every time markets looked to be in trouble, they…

A FEW NOTES: The NASDAQ and NDX are below the 50 day this second. Don’t blink. Futures are up but off highs. The administration backed off of the leak from Friday of restricted CHINA investments but now saying it was 50% fake…whatever that means. A few CHINA names like BABA gapping up a bit. You…

Nice move off support yesterday. The NASDAQ/NDX a smidge back above the 50 day. The SOX off the 50 day. The move off of the prez for the 100th time sayuing a China deal close. This morning…futures up a wee bit. BYND up over 420 as Mickey D’s going to test out their fake meat….

If there isnt a smoking gun in these transcripts… Most important points: Growth worsens. Continue to avoid growth. Everything else fails at highs. The SOX moved to highs for the 3rd time but now seems to be rolling over in the near term. NASDAQ/NDX now below the 50 day. Nothing good can come from that….