Market Look

Strong open…weaker day…stronger close. SEMIS again…no giving back. Financials weak early but green late. A/D fine. New highs fine. Extended yes. Stretched yes. Overbought yes. BUT…doesn’t matter until it matters. Don’t really need to add much more. Earnings in droves starting this week. Pay attention.

Back in the states. Tired, jet lagged but glad to be home. Biggest problem I have is my Giants. Geez! Futures up a bit with earnings coming out in droves starting later this week. The most important part of the equation near term is that the “glamour” types started getting a bid again last week…

Greetings from Glasgow airport as we are just about on our way back from Ireland and Scotland. Had a fabulous time. More on that from our travel blog post in a day or so. Just to get them out of the way, a few negative area notes: OILS may have topped near term as oil…

Greetings from Aberdeen, Scotland! Markets overbought, extended and still no pullback. Need we say more. Seeing some rotating pullbacks but that’s it. Did want to mention HOUSING now on the move…Fed will not raise rates so soon and rates around globe still a joke. Keeping this short because on the move today. Hope all is…

Another good day for Dow/industrial types. Names that have been still, names that have been dormant…in chemicals, in stuff breaking out of range and working. Keep in mind, low beta stuff but in this market, can turn into high beta. Also: AIRLINES wake up. Probably want to get them on the screen. High volume moves…

Very good day yesterday for industrial types, economic sensitive stuff and Dow types as the DOW led up. Simply put no complaints except all measures overbought here and would love a pullback. Pullbacks work off froth and speculation. Just keep in mind overbought is a good thing…better than being oversold. “FANG” and GLAMOUR STOCKS We…