Market Look

“Alexandria Ocasio-Cortez!” By Gary Kaltbaum- June 19, 2018 When I saw Tom Perez, the head of the DNC say that Alexandria Ocasio-Cortez was the future of the Democratic party, my only thought was HUH? I have never understood the template of an economic system that has to this day, has only blatant evidence of failure leaving…

Lots of jello moving on the plate during earnings season. Yesterday, nice breakaway moves in ASML, CSX, GWW, NTRS….BRKB moved on potential to buy back stock. This morning…DHR good reaction but: Gapping down this morning: EBAY, DPZ, AXP, TRV, PM, SAP, UNP Futures down this morning but no biggie. From yesterday…great move in TRANSPORTS…an area…

Futures flat. ASML up $8 even though earnings down. CSX up $2. MS up $1.50. Another beta day yesterday. NFLX the big gap down was bought and finished above the 50 day. Telling! Even bitcoin waking out of its slumber.  

SOURCE: https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/

A few things stick out: FINANCIALS finally showed some serious accumulation yesterday. Whether or not they can continue to move is another story but it is a good start for this important area. It is noteworthy that JPM and C both acted poorly Friday off of their earnings but moved nicely yesterday. We are asked…

All the talk today will be Trump/Putin. In case you did not know, Russia is an economic shrimp compared to us. In fact, Texas has a larger economy than Russia even though Russia has 5x the people. Their GDP is just 8% of the U.S. GDP even though they have about 35-40% of the people…