Market Look

Hope you paid no attention to the Dow today. We knew something was up when the Dow was down 200 but the NASDAQ/NDX was turning green. Today was a strong market day. Today was a strong reversal day…regardless of the DOW. The A/D on the NASDAQ is 20-8. Even the A/D on the NYSE is…

With the DOW down 190, we noticed the NASDAQ-types coming on and thought a positive divergence was playing out. Anything can happen within the crazy days we have been seeing but the positive divergence is taking hold. The DOW is now only down 90 and the NASDAQ is up nicely with the RUSSELL (for a…

Anything is possible in this market so let us just report: With the DOW down 290, the NASDAQ starting to get a big bid with the A/D going nicely positive. With the DOW down 290, many NASDAQ names are green. With the DOW down 290, some of the major indices have penetrated into the big…

Everyone blaming the recent drop on tariffs. We have news for you. Obama had tariffs. Bush had tariffs. Everyone has had tariffs. Maybe the difference is that those tariffs were not announced with a bull horn. Maybe this is about going about it loudly. Maybe. We think markets are just doing what they were going…

Futures were down decently but now have DOW/S&P flat and NDX up a few as the mega-cap NASDAQ-types continue to get the money flows. They did pull back late yesterday but hardly any in trouble. A glance at the charts show ugly patterns with the NASDAQ/NDX strongest with the RUSSELL, NYSE, TRANSPORTS and many others…

What we simply do on a daily basis is look through photo albums for familiar faces…that being the fear and greed patterns of price being traced out. Just letting you know the recent rally back up after the nauseating drop is starting to look like nothing more than a violent, oversold wedge to the upside…