Market Look

The DOW is down 1.36% this week…but the NASDAQ is up 8 points with the Russell up .4%. I know it does not sound like a lot but the divergences we outlined for you coming into the week have only been accentuated. The DOW remains very weak relative to all. FINANCIALS remain in some trouble…

After two wild days, the S&P is up a whopping 2 points this week. The DOW is down 85 points but the RUSSELL is up 1% and the NASDAQ is up 28 points…the SOX is flat and guess what, nothing has changed from our weekend report. From that report: The RUSSELL is the strongest…and remains…

Outcome is what matters to us. Some are blaming Trump tariffs for today. Others are blaming the Italy situation. Neither explain what we are seeing in the financials. Coming into the week, one of our peeves was the lagging financials and now they are downright breaking down. Don’t take our word for it. Check out:…

A big salute to all those who have fought for our freedoms. We should not just think of these brave men and women on holidays but every day. Greetings from Lake Como, Italy. Haven’t seen the Clooneys yet. Beautiful, beautiful area. Bucket list stuff! Very tight closes in the market over the past couple of…

OIL/ENERGY big story. Our theme that it was putting in a near term top is playing out. Just got very stretched and extended. Futures flat to down as we head into holiday weekend. Do remember why we have this holiday. FL, DECK gapping up…Going to watch NTNX, SPLK, ADSK, VEEV as all down on numbers…