Market Look

      “CHANGING OF THE GUARD?” By Gary Kaltbaum- June 12, 2017 ~When it comes to markets, our favorite line is “when things change, we will let you know!” There are times where the changes are subtle and there are the times the changes smack you right in the face. Maybe, possibly, could be, we got…

Maybe…possibly…could be a changing of the guard. One day doesn’t mean much but when an area gets so extended with nary a correction, when all the money goes to one side of the trade and when it gets talked about and talked about, one must be on the lookout. As we write this, the Dow…

SO FAR…political turmoil means squat. Political turmoil here and political turmoil over there. Bullish markets are made up of a lot of doubt, a lot of worry, a lot of crash predictions and a lot of caution. This one fits the bill. There isn’t a day that goes by that I do not receive an…

While this nonsense of nothing testimony continues, just letting you know it looks like financials are carving out a low. This does not mean they are going to get going. It just means recent support levels are putting in a good hold of those levels today. Check out the KRE, KBE, XLF. It is still…

The semiconductor index (SOX) is up about 60% since last July. Intel (INTC) is flat. That is amazing under-performance. Just letting you know a director just bought about $500,000 worth of stock right around today’s prices on June 5th. Just because insiders buy does not mean a stock will go up but combined with the…

National media waiting breathlessly for the Comey testimony today. There will be nothing in it. I just hope they don’t pre-empt General Hospital. BABA gapping up as they gave good guidance last night. Very strong name with strong numbers. Normally, we would say this is an extended gap but in this market, not so sure….

SOURCE: https://www.zerohedge.com/news/2017-06-06/chicago-cab-industry-collapsing-medallion-foreclosures-soar