Market Look

Not much to add from last week. We now head into month end and a race to year end. Normally, we are now into seasonal strength but we have already had a good move this year. That doesn’t mean it doesn’t just keep going. The negatives: OUR sentiment numbers remain off the charts bullish. This…

We want to wish everyone a safe, healthy and happy Thanksgiving. Market mixed on the open. DE gaps up but early selling on the gap. BZUN, CAL, GES, HPQ gapping down.   CRM and A down small. OILS and COMMODS bounce early but no leadership there. FINANCIALS also getting a bid…they have lost relative strength…

Futures strong. When you cannot pull major indices back 1%… PANW, MDT, JEC, DLTR gapping up. PANW up strong. INTU, A, BURL, LOW, DSW, SIG, CPB gapping down. DSW and SIG down big. Pre-holiday trading taking over…then again, feels like pre-holiday trading for quite a while.      

Futures were down recently overnight but have recovered to be on the flat side. Even though it is a shortened week, a decent amount of names reporting earnings this week. Monday- Afer the close-A, INTU, PANW, URBN Tuesday before open: ADI, BURL, CBRL, DLTR, DSW, EV, HRL, JEC, LOW, MDT After the close: BZUN, CAL,…

Market is closed Thursday and open until 1 pm on Friday. Normally, this week has some seasonal stretch, normally. The negatives: Only about 60% of the market is in good shape…based on our proprietary scans of over 2000 stocks and 200 sectors. Amazingly, there were a couple of days this past week where there were…