Market Look

Big gap yesterday on no trade war…but market stood still during day while NASDAQ-types pulled in. OIL PRICES continue up while the 10 year remains above 3%. OIL/ENERGY had another good day yesterday. On top of that, the dollar remains strong. MU announces gargantuan $10 billion buyback…stock up 7%.  MU market cap is only $65…

I swear these people are not well. SOURCE: http://www.breitbart.com/big-hollywood/2018/05/21/bill-nye-taxing-cow-farts-a-fantastic-thing-for-the-world/

Be careful what you wish for.! SOURCE: http://thehill.com/homenews/news/388472-new-starbucks-policy-allows-people-to-sit-in-cafes-without-buying-anything 

SOURCE: https://apnews.com/1511c5f3955f4a4993d768603cd9f2db/The-Latest:-Maduro’s-challengers-criticize-‘red-points’

Laughable analyst move of the day: “Tesla target raised to $500 from $470 at Berenberg!” The stock has been weak, trading at $277 yet a ridiculously far away $470 price target gets raised for one reason…to juice the stock. Just laughable. Futures up nicely off of the fake trade war that never was a trade war.  China…

“We’re putting the trade war on hold!” With those words, Mr. Mnuchin put a stamp on everything we have been saying  on tv and radio as well as in this column. There’s no stinking trade war. Very simply, these people are not idiots. Well….? Let’s just say at the very least, they probably took a…

AMAT down decently pre market which has led to LRCX down $7 and other SEMIS following suit. Something to watch. NDX futures down decently but RUSSELL hardly down. Small caps have been leading. OILS now VERY extended off another strong day yesterday. RETAIL acts well…a few names breaking out. With rates higher, UTILITIES, HOUSING, REAL…