Market Look

SOURCE: https://www.cnbc.com/2017/10/25/airlines-get-ready-for-new-us-security-rules-that-take-effect-tomorrow.html

By Gary Kaltbaum October 25, 2017 This is not a defense of President Donald Trump. Lord knows I have many issues with the “presidentialness” of the current president but I ask, was there any past before President Trump? Does Flake, Corker, the media, the Dems and the rest who have buried their head in the…

Yesterday was strong. Yes. there were divergences as 2 names, MMM and CAT did most of the DOW lifting but HOUSING was strong, FINANCIALS were strong and still lots of green. The other part of the equation is the continued back-up in long rates. The 10 year is yielding 2.65 as we write this, up…

SOURCE:  https://news.vice.com/story/mark-zuckerberg-political-spending

CAT and MMM have the DOW futures up strong. These 2 account for over 100 DOW points. CAT up $9. MMM up over $5.50. Others: PII, GM, LLY, AMTD, FCAU, ALXN…smaller gaps UTX, PCAR, MCD, KNL, GLW Downside gaps: WHR, HNI, BIIB, LMT, LOGI…smaller moves: MAS, CNC, WAT. So big start for the DOW on…

Futures are up…duh! Never going down again. Earnings this week: Monday- STT,VFC,V Tuesday- Before open: AMTD, ATI, BAX, CAT, CNC, EDU, FITB, FCX, GLW, JBLU, LMT, LLY, MMM, MAS, MCD, NVS, PCAR, R, SWK After close: CHRW, CNI, COF, CMG, DFS, EW, ESRX, IRBT, P, T Wednesday- Before open: ALK, ANTM, AVYM BA, GD, GM,…

To be repetitive on the sentiment front: Sentiment remains off the charts bullish. Markets remain verrry overbought as price is stretched and extended. BUT…as we have always told you, sentiment is not a pinpoint indicator. Very often, too bullish sentiment can stay on the high side for a while. So, watch price…and to this minute,…