Market Look

Before the market: Republicans vote to go to a vote on a vote they know will never pass. And they are calling it a success, a start…and you want to know why we are $20 trillion in debt. On top of that, we are now hearing some whispers about actually raising taxes on the wealthy….

The XLF sets up in tight fashion from an almost 5 month range. Notice it tightening up at the highs. In the big names, C, BK, MS have the best look. Notice the KRE tightening up along the 50 day average. A name like PNC very tight action recently.

DOW futures up 100…NDX is down though because of GOOGL. S&P up less than DOW. GOOGL down $32. Just keep in mind, it is up over $80 since recent low July 7. CAT in the DOW nice gap to the breakout today off of strong numbers. MCD also gaps up in the DOW off 3%…

There is not enough money in the world to pay for all this. SOURCE: http://www.cnsnews.com/news/article/terence-p-jeffrey/112000000-medicaid-enrollees-set-climb-40m-under-obamacare

Quiet quiet quiet early as big week of earnings. Nothing new to even mention this morning. HAS been strong but gapping about $6 to the downside. After the close today is GOOGLE. (GOOGL) Tuesday- MMM, BIIB, CAT, GLW, DD, GM, MCD, TROW, DGX, EDU, PCAR,  AMGN, AAPL, T, CNI, CMG, CB, EW, ILMN, TXN, X Wednesday-…

Don’t worry that the VIX is at lows not seen since 1993. Don’t worry that short interest continues to plunge. Don’t worrythat we have not had even 3% down sice the election. Don’t worry that we have not had a bear market of consequence since 09. Don’t worry because rates around the globe in many…