Market Look

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,…

SOURCE: https://www.nytimes.com/2017/10/19/world/middleeast/islamic-state-reconstruction.html

Forgot to mention bad overnight for the Hang Seng. So many China ADRs hit this morning with a couple of names actually breaking the 50 day this morning. This is overdue. Patience here. Let’s see where they take them to.

Woke up this morning, getting ready watching tv, saw two pundits say we are going to have a bull market for about another 10 years. Will let that rest with you. Futures down. No way! NDX futures worse than DOW/S&P. Don’t worry. Should be up by 11 am. (Sarcasm…maybe) Just to be repetitive…sentiment indicators have…