Market Look

As we write this, futures are down about 530 Dow points this morning as China decided to take retaliatory measures against the Trump tariffs. Of course it is still early. Trump can just send out a tweet saying “Just kidding!” and turn futures around. We repeat many of our thoughts on tariffs. Tariffs are a…

Another gross day yesterday until a late burst cut losses. Just keep in mind, every time down worsens the internals of the market. but…we have a big BUT here… On the way home yesterday, we were floored by how many were now talking about support levels and moving averages. Normally, Wall Street does not give…

Futures are down a wee bit on the S&P but worse on the NDX as AMAZON feeling effects of the Trumpster’s weekend words as well as the curtains opening up on TESLA. One of our market mantras: in bearish markets, the curtains come up to expose companies losing a ton of money. Ladies and gents,…

When bitcoin was in flight, a flight we basically have never seen, we wrote and told you some simple words: WE HAD NO IDEA HOW EXACTLY IT WOULD PLAY OUT…JUST DO NOT BE THE LAST ONE IN WHEN THE  MUSIC STOPPED. We said this for several reasons but the most important was the fact that…

Another grim day for just about everything tech/internet/growth/semis and all that stuff. We make note that it is now way stretched and oversold on a near term basis but that doesn’t mean they bounce. Amazing what can happen when an area is over-owned, over-loved and over-leveraged. Many are coming out defending all these names. We…

We pay a lot more attention to the big picture but needed to let you know those vital, vital, vital longer-term support levels are still holding. Go take a gander at the S&P right on the 200 day moving average. Go look where the DOW is sitting, in and around the Feb lows. The FINANCIALS…