Market Look

Everything you say, everything you do is watched over and regulated. No lessons being learned. SOURCE: http://reason.com/blog/2018/01/25/california-bill-would-criminalize-restau

The ECB…amazingly AMAZINGLY, left rates the same…a negative .4%. And you want to know why markets do not pull back.  That’s a NEGATIVE .4%.

Very strong open and on earnings. CAT up $5 Dow name. MMM up $6 on numbers. BIIB up $11 on numbers…breakaway gap. LRCX up $9 gapping up to the old highs. VAR up $10 on numbers. PX up $5 on numbers. XLNX up $2.50…another semi-name. SEMIS will have a strong day after weak day yesterday…

SOURCE: http://www.washingtonexaminer.com/starbucks-cites-tax-reform-as-reason-for-raises-expanded-benefits-thousands-of-new-jobs/article/2646923

SOURCE: https://www.foxnews.com/opinion/2018/01/22/nfl-rejects-veterans-groups-ad-urging-people-to-stand-for-anthem.html

SOURCE: https://www.foxnews.com/us/2018/01/23/new-california-policy-opens-door-to-illegal-immigrant-voting.html

SOURCE: http://money.cnn.com/2018/01/24/technology/stripe-ends-bitcoin-payments/index.html?sr=twCNN012418stripe-ends-bitcoin-payments1005AMStory

SOURCE: https://www.westernjournal.com/california-lawmakers-introduce-bill-take-trump-tax-cut-savings-companies/

Sme themes playing out: Dollar into more new lows today. Yields moving to new highs. HIGHER YIELDS BETTER FOR financials FOR NOW. Weaker dollar good for multinationals here as well as COMMODITIES. GOLD (GLD) on the verge of breaking out of big range. A few names looking to break out here also. Earnings coming in…