Market Look

Good semis day yesterday. Good beta day yesterday. Semis are meaningful to our work as they lead up and lead down. You can see the SOX/SMH holding the 50 day. Now we can see if it breaks out again. China ADRs en fuego yesterday. Many report this week. Not thrilled that they ran in front…

Those that follow our psychopathic ways know how important the semiconductors are to our work as they really do lead markets. Just go take a gander going back a couple of decades. In recent weeks, the semis had been weak. The June 9th ugly topped them out. The July 5th action started a low. Just…

Quiet morning with a little bump to the upside in NDX as names like AAPL, AMAZN with a small move. Since you asked: AAPL gapped up. So far, just sitting. It is sitting right near the old highs from May. This is the 2nd decent sized gap in this name in the past 6 months….

There are lots of things we can complain about. For starters: A ton of blow-ups during earnings season.  COHR, ULTI, AAOI, MELI, EFII, ESL, PI, VECO and a bunch others. TRANSPORTS act porrly and under-perform. NEW HIGHS vs NEW LOWS are pitiful. In fact, there were more new lows than highs on the Nasdaq a…

A horror show for investors. SOURCE: https://www.bloomberg.com/news/articles/2017-08-04/blue-apron-plans-to-cut-24-of-staff-barely-a-month-since-ipo

Just a bunch of very big gaps as we move through earnings season: AAOI leader down over 25%…leader no more…MELI down almost $30…EFII down more than 30%…PI down over 20%… GRUB, ATVI, OSTK, CARB, SMCI, LITE, BGS, VIAB, APPN, FLR, ABTL, SYNA, ACIA lesser gaps to the downside. Gaps to the upside…leader ANET up over…