Market Look

Very rare we don’t have much to complain about. After our “changing of the guard” thought, lower beta areas have come on broadening out the market. But the other side in where growth was being whacked, stopped dead in its tracks on the downside when AAPL gapped up. Since, growth has bounced decently. The charts…

We wrote changing of the guard last weekend and as of now, we are getting a little over a half of it. We have seen some decent distribution in growth…but the good news, overall, still holding up…especially with AAPL and now TSLA on the move. But on the other end: We are seeing continued money…

The big story yesterday was the NASDAQ/NDX holding the 50 day average again…almost to the penny. The same thing happened at the end of June. This time led by AAPL which gaped and continued up. On top of that, AMZN got going again. Even the worst reactors like FB, NFLX and TWTR bounced enabling the…

Bad open this morning…can blame it on tariffs or just that last week we thought that TECH had topped for now as we go into the crappy Aug/Sept period. Either way, ease off the pedal. We have to make note that about 2-3 dozen growth names that were trading above support/50 day avg have now…

Eyes are on Apple (AAPL)…gapping up this morning on strong numbers…but in recent days, we have seen a ton of growth blow-ups. Even AMZN and GOOG, which gapped up on good numbers, sold off. Futures flat on the S&P but up on the NDX because of AAPL. Strong gaps this morning in MOH, PAYC, SODA,…