Market Look

SOURCE: http://www.telegraph.co.uk/news/2017/07/06/one-million-patients-week-cannot-get-gp-appointment-statistics/

Markets beyond overbought. Markets beyond stretched and extended. Retail investors plowing in at numbers haven’t ever seen. Valuations upper end of historical levels. Sentiment off the charts bullish.  The good news is that getting this overbought tells you how strong things have been. We just worry about climactic action as it is great while it…

FUTURES ARE UP! DUH! Watch INTEL (INTC) as it gaps open on a base on base breakaway gap. SEMIS have been under pressure as LRCX opens up $9 yesterday and finishes down $10. Other than that, should be at 30,000 by late next week. (SARCASM) I think. More on the weekend report.  

Everything you say, everything you do is watched over and regulated. No lessons being learned. SOURCE: http://reason.com/blog/2018/01/25/california-bill-would-criminalize-restau

The ECB…amazingly AMAZINGLY, left rates the same…a negative .4%. And you want to know why markets do not pull back.  That’s a NEGATIVE .4%.

Very strong open and on earnings. CAT up $5 Dow name. MMM up $6 on numbers. BIIB up $11 on numbers…breakaway gap. LRCX up $9 gapping up to the old highs. VAR up $10 on numbers. PX up $5 on numbers. XLNX up $2.50…another semi-name. SEMIS will have a strong day after weak day yesterday…