Market Look

Futures flattish. Yesterday…the good news, after reversing down hard, indices finished half way on the day’s bar. The bad news, decent reversal off the high. The good news, it’s just one day. But it’s just one day. Of note: Leading SOFTWARE names raided. This is to be watched. Maybe they are just pulling them in…

-We believe the complexion of the market is changing. The market has had its way since the lows with nary a pullback. The move has been calm and the move has been persistent. The move has occurred even though most data points around the globe have been heading south. (The US. remains the bull of…

Don’t worry about yesterday. Don’t worry about the past few days. Markets just gapping up today.  The all-important German Dax moving above resistance today doing the trick. When markets pull back for a few days and get a lot of it back on one gap to the upside, that is not bearish. A few TECH…

AYX, CROX, SYNH, WING, PRAH, WIFI, FIT, HPQ, CELG, AAOI, BKNG, SQ, TDOC. In this list, BKNG and SQ stick out…but what sticks out more is a decent amount of gaps to the downside. Maybe it is nothing. We just wanted to point it out out. Our thoughts from a couple of days back that…

Futures down a bit. We said a couple days back it “felt” like market was stalling out and may be ready for some sitting/pull back/corrective work. We are getting a little bit of it but again, it is a no biggie. Pullbacks and settling in are not a bad thing. It is actually a necessity….

We stated on radio yesterday that we thought we were hitting a short term wall. This was based on sentiment going coast to coast but also lots of tails to the downside yesterday off of very extended short-term conditions. We must tell you a pullback/correction/sitting would be terrific at this point. It sets things up…