Market Look

QCOM/AAPL settle litigation. QCOM soars yesterday and is gapping up today. This really helped the SOX again yesterday. NFLX lowers guidance from $1,00 to 55 cents for next quarter. Sales decelerate again. Stock down 7% in after hours yesterday. As we write this, up more than 2%. INTC getting out of 5g or something like…

We repeat our thoughts. Valuations for weed stocks are a joke…ridiculously over-valued. But a bull market is a bull market and for a while, they were bullish. No longer. Once just about all broke the 50 day moving average, that was party for now. But it just worsens and most names dive even further. We…

Another gap to the upside today. Yesterday, late day buying stepped in to halt early selling. Nothing wrong with that. It is earnings season. Lots of jello moving on the plate. BAC not so good this morning. GS not so good yesterday. JPM good on Friday. Expect a lot of that. NETFLIX upgraded this morning….

-We have always told you we write less when markets are doing well. Since Powell’s 180 on January 4th which had us pivoting off the bear side, corrections have been shallow and short-lived. But before we get into that, we wanted to let you know we have a new addition to our list.- -Yes…Senator Ron…

Gap to the upside. JPM up $3. DIS up $7…market likes the streaming deal. CVX buying APA…so OILS really helping the cause this morning. Will leave it at that. More on the weekend.