Market Look

Strong futures today off of FB sandbagging earnings but nevertheless, earnings very strong…in the 60s with sales almost up 50%. Yesterday, another hold of the 200 day and longer-term support. BA helped big time…arguably the most important stock in the DOW and the NYSE. Our theme remains. Major indices still in ping pong, back and…

Every time markets are hit, internals deteriorate…simple as that. More names, more leading names are breaking the 50 day. These are the names that held up best. Also…CAT up $7…finishes down $10. MMM down $15. LMT down over $20. GOOGL down $50 on a beat. We try to take out all opinion and just look…

-Listen up peeps. Serious talk today. In our weekend report we told you we did not think the market would break the lows right now but in order to break the lows, they would have to break the financials and the tech. The lows have not been broken yet but we are headed there and…

Funny…a guy who has lived off the tax payer all his life is telling people he will get them all jobs! SOURCE: http://thehill.com/homenews/senate/384554-sanders-to-announce-proposal-to-guarantee-jobs-to-all-americans

Mushy day yesterday. We guess it was good that DOW came back but SEMIS another rough day. We are now in the midst of earnings. CAT, UTX, VZ gap up in the DOW. MMM, TRV gap down. KO is flat from the DOW. Others gapping up…PHM, HOG WHR, SAP,CDNS, EDU, LMT. Gapping down…GOOGL…but only $78…

Futures been strengthening a bit this morning. OIL prices down decently. We told you over the weekend oil stocks extended and overbought. Let’s see how they pull in. Important GOOG(L) after the close. A ton of important names this week. In the DOW…MMM, CAT, KO, TRV, VZ, BA, INTC, MSFT, V, CVX, XOM, UTX And:…

-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…