Market Look

-We have been telling anyone who would listen that this Fed was not listening to the markets. We have been telling you this was a problem as markets have been yelling and screaming that the economic numbers were heading south. We have been telling you that this last rate hike was the last and that…

Another economic number comes out much less than expected as durable goods not so good. We prepared you for this weeks ago as we stated the norm for earnings as well as economic expectations would be coming down and most surprises would be to the downside. The DOW is now beyond stretched and extended to…

Said it all past few days on market. Really speaks for itself now. Hope you listened. Futures flattish. Price is waaaaay stretched and extended to the downside. Bearishness has picked up markedly but oversold becomes more oversold. The main problem now is Jay Powell does not have the foggiest clue that the best economist in…

-“JAY POWELL SAYS THE MARKET IS WRONG?”- -By Gary Kaltbaum-December 19, 2018- -Did we hear him correctly? Jay Powell did not say the market is wrong in those words but he might as well have said those exact words. Jay Powell all but said:- -Transports in a bear market are not telegraphing anything.- -Russell 2000…

FEDEX hit hard but FEDEX doesnt matter. MICRON down nicely…looks like they lowered by a measly $1 billion.

NDX flat…DOW up about 50. It is Fed day. They will probably raise rates ONE LAST TIME. They may even decide to not raise rates. They will say BLAH BLAH BLAH data dependent BLAH BLAH BLAH information coming in BLAH BLAH BLAH showed some deceleration BLAH BLAH BLAH can be patient BLAH BLAH BLAH if…

  –After over 2,500 Dow points in 9 days, markets are bouncing this morning. This is being helped by announced buybacks…BOEING (BA) announced a humongous additional buyback and is up almost 100 Dow points as we write this. Remember, in bearish phases, rallies only serve to undo very stretched. extended and oversold conditions to the…