Market Look

After another ugly reversal, this time because of a raid on the Trumpster’s lawyer’s everything, we sarcastically tweeted to not worry, the market will just gap back up 300 points. It was sarcasm. It was a joke….but that’s what the market is doing right now. You cannot blink. You cannot go home being bullish or…

That was a crappy reversal today. Many blaming the news out of the Mueller investigation. But don’t fret it. We were waiting on the head of China’s speech tonight. Many believed he would make nice-nice on the “trade war” and walk things back. We have told all that at the end of the day, we…

The market is again approaching the key levels of longer-term support. Markets used to forecast the future but in the  past few years, it had to react to every word and every move of the Fed and now it has to react to everything out of  the Trump machine. Friday was the talk of another…

In recent reports, we found it necessary to put language in our reports that go something like this: “but we don’t know what the next tweet will be!” After all, it now seems there is not a day that goes by where President Trump doesn’t mention something that potentially affects markets. After a calming down,…

Finally, another near term low? After a bunch of wicked, wild gaps and reversals…after hearing day in and day out supposed bad news on tariffs, Amazon, Facebook and whatever else, the best guess is that YESTERDAY’S REVERSAL did the trick as “bad news” was not only defended near the lows but was bought up nicely….

When the Dow cut its losses in half earlier today, we thought there was a decent chance the market was again being defended at a most important juncture. It was a guess based on knowing longer-term support is hard to break as well as the action we were seeing. As we write this, 450 Dow…