Market Look

The market had a good chance for a good day yesterday but fumbled the ball. The DOW was up 125 but finished down 100. The NASDAQ was up a whopping 120 but finished flat. We are never thrilled when markets reverse down but today is another day. Futures have moved up nicely in the past…

Hey…the Giants won! We heard yesterday: One pundit say the action in the market doesn’t worry him a bit. One pundit say this is how a bottoming process works. One pundit say it is good news when they get names like AAPL and GS. Our take: Except for the DOW, all major indices and most…

As we write this now, futures nicely down. LITE just warned and warned badly. The stock is down over 30% in pre market: Lumentum cut its fiscal second quarter earnings and revenue guidance sharply today, saying one of its largest Industrial and Consumer customers for laser diodes for 3D sensing requested Lumentum materially reduce shipments…

Futures down a wee bit after a strong day yesterday. By the book: Wednesday’s action was a clear, high volume, follow through day. Some say it was because of the election. We could care less. We have been wary of this rally though we called A LOW last Wednesday. There has been no bases. There…

By Gary Kaltbaum-The day after the election!     -Well, the world has not ended…yet. In spite of the president pulling a Krugman to say your 401Ks are going to be slammed because of an election, so far…nothing doing. In fact, markets are set to open up quite nicely. Of course, we know that could change…

We continue to stick with our call from last Wednesday morning that A LOW was finally put in after  nauseating drop. It is at that point we let the cards come out of the deck feeling that sellers were finally washed out. Since, markets have edged up but we must tell you, the rally so…