Market Look

It is 715 am here in Brussels, Belgium. Happy voting day today. Our prediction is that the Reps keep the senate but the Dems take the house with the Dems doing better in the house than expected. We think Trump and the Reps missed a tremendous opportunity in past weeks highlighting the economy but instead…

-The markets rallied off of some of the most stretched, extended and oversold conditions we have seen in a long but:- -Every major index except the DOW, almost every sector and most countries still trade UNDER the LONGER-TERM 200 DAY MOVING AVERAGE.- -Leadership remains almost nil with mostly defensive names showing the best relative strength….

Greetings from our offices in Amsterdam. (sarcasm) On Wednesday morning, we called A low based on excessive pessimism, excessively stretched and extended to the downside combined with the strong close on Tuesday. But dang! Way way better than we would have thought but then again, this happened in February also. Right after A low was…

Another up day. Just be careful. As we screened 1500 stocks, 200 sectors, many countries and commodities, it seems to us we just have a “beyond oversold” rally of unknown price and time. The MAJOR TREND does not change on two days up. Just about everything still trade BELOW the 200 day average with the…

Futures were strong earlier but now down…down much more on the NASDAQ/NDX. Big TECH continues to be yonked. We were even surprised how weak the market was yesterday. When a market is stretched. extended and oversold, bounces usually occur. So far, they haven’t lasted a day. Continue to sit back and be patient. Our thesis…