Market Look

Futures flat. The big story is TESLA (TSLA) down $29. ANOTHER case of a company that cannot get their story straight. If this was not an Elon Musk-run company, think the stock would be down another 50%. Overbought is not the word here…it is beyond overbought. That is good and bad. Good because to get this…

Market was better than DOW down 80 yesterday as TECH again held the bid. Gapping up this morning as world markets do well overnight on more talk of a trade deal. We will let that stand because we have been hearing that for 18 months. But price wins out. Major indices move above range. Industrial-types…

Everything economically sensitive made the move yesterday…simple as that. RAILS, INDUSTRIALS, TRANSPORTS… RATES backing up off of oversold conditions…FINANCIALS strong day off of. Basically a quick U-turn. The S&P edges above a handle range. All this because of “supposed” China numbers. Okee dokee! Walgreens not helping DOW this morning…down $6. Boeing big help yesterday as…

-I am open to anything. I am open to all points of view. I pick apart all points of view. I trust no one in Washington DC. They have earned my ire and should have earned your ire by now. After all, there is no better evidence than $22 trillion of debt and trillion dollar…

  -End of quarter.- -Recent pullback anemic forming bullish wedges. (This simply means you draw a line from about 10 pm down to 5 pm. The DOW is the weakest but that has a lot to do with BOEING. (BA)- -Yields are oversold and stretched to the downside along with financials. Bouncing this morning.- -Bullish…

Futures up a few pennies after being down throughout the night. Then the usual planted story about China trade comes out and futures rally back up. Yesterday, not so good but could have been a lot worse as a late day rally cut losses. So far, pullback but not the most harsh pullback. Yesterday, they…