Market Look

500 Dow points aint what it used to be. Only about 2% now. We were waaaaay overdue where a pullback could happen any time…but no way of knowing price and duration. You just look to see what other cards come out of the deck, especially during earnings season. Just remember, when markets top, they do…

Markets do go down every now and then. I know that’s anathema (big word) to many but markets do go down. Markets do not necessarily need a reason. It can just be demand finally gets pooped out while supply picks up. What a concept! It can be that the S&P is up this year enough…

SOURCE: http://www.telegraph.co.uk/news/2017/07/06/one-million-patients-week-cannot-get-gp-appointment-statistics/

Markets beyond overbought. Markets beyond stretched and extended. Retail investors plowing in at numbers haven’t ever seen. Valuations upper end of historical levels. Sentiment off the charts bullish.  The good news is that getting this overbought tells you how strong things have been. We just worry about climactic action as it is great while it…

FUTURES ARE UP! DUH! Watch INTEL (INTC) as it gaps open on a base on base breakaway gap. SEMIS have been under pressure as LRCX opens up $9 yesterday and finishes down $10. Other than that, should be at 30,000 by late next week. (SARCASM) I think. More on the weekend report.