Market Look

Socialist Bernie Sanders who has never created a dime of wealth nor has he ever created a job, said this in a tweet recently: “Meanwhile, the Walton family of Walmart has a net worth of $144 billion. This is what a rigged economy looks like.” No Bernie, a rigged economy is when you and your…

Greetings. Heading to Ireland tonight…which means we will have a lot to write about as we love writing when we travel. We will be writing about the NFL, tax reform, Bernie Sanders and whatever else comes to mind. The con artist Sanders actually said the Waltons (of WalMart fame) have too much money. This coming…

Corporate tax rate to be lowered to 20% from 35%.  WE SEE NO DOWNSIDE ON LOWERING THE CORPORATE TAX RATE! Pass through corporations taxed at 25% (instead of top tax rate small businesses pay!) WE’LL TAKE IT. TONS OF THESE CORPORATIONS. BUT IS THERE REALLY A BIG BENEFIT? Tax brackets from 7 to 3. Top…

Futures up nicely after market was all over the map yesterday, opening strong but finishing flat…but: The bond market is decently lower today as rates on the long end back up. This means we will get a little gap to the upside in financials. A few big financial names set up well with the best…

Yesterday, we stated that a bunch of glamour growth names were either breaking support or pulling back heard. BUT…we were not saying any additional selling in other areas. Of course, that could change but as of the close, nothing doing. A few thoughts: OILS now extended and overbought from this recent move. Suspect pullbacks are…

This weekend, we told you something was up with big cap tech/internet and all that stuff. Some of the major players were acting suspicious. Suspicious just turned into some serious selling, at least for those favored/glamour areas. As we write this: The NDX easily sliced through the 50 day average that we outlined for you…

Dow futures down a wee bit but NDX futures down decently. To get more specific: AMZN remains on defense trading below the 50 day average after disappointing Wall Street. A break below $936 makes things worse. AAPL  remains on defense as worries over the new I-PHONE continue. The stock broke the 50 day on heavy…