Market Look

JUNO bought. BIVV bought…so 2 BIOTECHS up big. Otherwise, futures flattish…but just want to alert you sentiment is at a maximum maximum of bullishness. Again, sentiment is a secondary indicator…just keep in file manager. NFLX reports after the close. Before tomorrow open: BABA, GLW, FITB. JNJ. KMB, PII, PG, STT, TRV, VZ, WAT. And the…

-THREE CARD MONTE- -Dealers employ sleight of hand and misdirection to prevent the mark from finding the queen.- -While various moves have been devised for Monte, there is one basic move which is overwhelmingly used with virtually all Monte games. It has to do with the way the cards are held and tossed to the table. The dealer will…

The historic market continues Historic in that there has not even been a pullback of consequence. The longer this lasts, the bigger the correction will be. Just study history. But…it seems the market is actually strengthening here. Pay no attention to the Dow here as it is the most extended. You will notice that the…

Yesterday’s bear market wasn’t so bad. Mostly BA finally having a down day even though the A/D was putrid. AMZN up nicely this morning as rumor they will raise PRIME price by 20%. IBM gapping down even though they finally had sales go north for first time in years. S&P futures flat but AMZN has…

SOURCE: https://www.reuters.com/article/us-venezuela-economy/enter-the-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ

Futures down a wee bit. Wild swings past couple of days. That is something to watch…but strength is strength. I have been asked if I have ever seen this before…to the extent of price, yes. To the extent of no pullbacks, no. Think we are in rarefied air. Not going to add much here. As…

Don’t worry about a nasty, high volume reversal. We’ll just gap it up the next day. Strong open awaits. I will stay silent about it except to say: I have been taught and have studied that changes in trend often occur with violent action after a large drop in price or after a large rally…