Market Look

We have been telling you that over 50-60% of the market is already in poor shape. We have been telling you the highs of Jan 29 were the highs for now (though for a moment, the NDX and NASDAQ hit new highs!) We have been telling you that the lows of Feb 9 would not…

For months, we heard how the Dow would rally another 1,000 points and another and another. We were told the next 1,000 points happened in 2 months, 6 weeks, 4 weeks. We have another statistic that longer term, is far more important. On September 8, 2017, the national debt hit $20 trillion. On March 15,…

All quiet except ADBE up nicely on numbers and money loser OSTK down on big losses. OSTK ramped for a while off of coins but that is heading into the dust bin. Notice energy rolling over at the lows. Commodities also suspect here. No changes. Hoping for markets to calm a bit. Not thrilled with…

DOW futures up a wee bit. NDX futures flat. Just a lot of crosscurrents out there. Far past the time of throwing darts. Patterns of the DOW, NYSE, TRANSPORTS look sickly. NASDAQ/NDX/SEMIS still the bull of the woods. They had better stay strong. FINANCIALS caving in but just a wee bit. Not sweating them yet….

Amazing! Headline: “TEN YEARS AFTER BEAR STEARNS, NOBODY THINKS IT WOULD HAPPEN AGAIN!” Really? Nobody? This somebody disagrees. We do not need to rehash our constant drumbeats of the financial stocks woefully under-performing in 07 and into 08 telegraphing trouble. We do not need to rehash our constant calls of a credit bubble. We do…

Let’s just say the NASDAQ/NDX/SEMIS/GROWTH and all that stuff had better continue to do well/hold up because many areas continue to deteriorate with many areas/names rallying up INTO the 50 day and falling off badly. (see DOW,NYSE, TRANSPORTS) We shall leave it at that.