Market Look

S&P and DOW futures up a wee bit. NDX futures better as market bids up the mega-cap names early after a decent drubbing yesterday. REMINDER…END OF QUARTER AND JULY 4TH NEXT WEEK. NORMALLY A POSITIVE BIAS. Wouldn’t know it by yesterday. BUT….as you know, before this week, more than half the market  worrisome and now…

Well that was interesting. To take the positive side…it is still end of quarter window dressing coming up along with the July 4th holiday…usually a decent bias. The DOW again on the 200 day average where is held April 2 and May 3.  Best hold. The XLF back to the important lows for the 5th…

Futures down decently. They turned down when the president talked about more tariffs and all that crap. Harley Davidson said they are going to lose up to $100 million they otherwise wouldn’t  have lost because of the EU tariffs which came about because of Trump tariffs…about $2,200/bike. They also announced they plan on shifting a…

First Krauthammer! Charles Krauthammer passed away after a long bout with cancer. I noticed something in the past few days. Many people wrote about him starting with “I never met Charles Krauthammer but” or “I only met Charles Krauthammer once but.” I could not find one even remotely negative opinion on a man that so…

Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not…

Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens…

Futures going nowhere today. Yesterday…another day where NASDAQ/NDX leads…DOW is down. These divergences can last a long while but must be watched. Keep in mind, the NASDAQ/NDX is where the best growth is. DRI breakaway gap this morning. MU up a bit on good numbers. Yesterday, SBUX to new yearly lows as they lower numbers….