Market Look

-Our main theme continues. January 29th will be the highs for a  while while the recent lows/Feb lows provide a floor. So far, back and forth we go.- -Still a ton of earnings to come out in next 3 weeks so be patient. There have been a few decent reactions like NFLX, CSX, TXT, ETFC…

Earnings: GE surprises…actually up but meaningless to the DOW as it is low priced. Leading names SKX, TEAM go bye bye. Futures down but not a ton but: Yesterday: HOUSING looks like it is rolling over gain…from lower levels. CONSUMER STAPLES new yearly lows. TOBACCO smoked (pun intended) as well as food, beverage, household priducts….

Those that follow our work know much much the SEMICONDUCTORS matter to us. It is not very often the market is not in sync with this all-important area. The SEMIS have had some decent pressure recently with the result of many names breaking support. With this recent rally,  the SOX bounced up but to our…

All about the commods yesterday. OIL, STEEL, COPPER, ALUMINUM, PALLADIUM and all that stuff. Oil prices continue to rise and are up again nicely this morning. All very extended here but leave no doubt, money flows continue. But not going to be fun at the pump. TSM warns this morning and says it is all…

First, a few notes: OIL PRICES again strong this morning. OILS are now extended from this recent move. Look at OIH, XLE, XOP for the recent moves off lows. A decent amount of names are at new highs. BETA was strong yesterday. My beta page lit up like a pinball machine. Major indices back above…

TRANSPORTS were indeed a very good clue yesterday and today we get another gap to the upside. The TRANSPORTS broke through the 50 day average like a hot knife in butter as JB Hunt reacts well to earnings. Other names in the area followed suit. Today, we gap up again as UNH, GS, JNJ in…