Market Look

The good get gooder. Simple as that. Tech/internet/semis and now cyber everything (cyber attacks) working. Many now very extended. So careful. But leave no doubt, remains the bull of the woods, Semis into another new high as they cannot be stopped. A few names names setting up. Also watching the tight action on the financials….

SOURCE: https://www.recode.net/2017/5/15/15639748/amazon-jeff-bezos-walmart-ipo-anniversary-market-cap-worth-double

SOURCE: https://www.yahoo.com/tech/worldwide-ransomware-cyberattacks-know-152751340.html

SOURCE: https://reneweconomy.com.au/death-spiral-for-cars-by-2030-you-probably-wont-own-one-93626/

We will have bigger report on market tonight. Futures flattish. Pre-market: Oil prices up sharply off of Russia/Saudis possibly extending OPEC pact. Prices up about 3%. Not a lot of leadership in energy at all. See a few set-ups in names like TOT but again, no leadership. Cyber security names up nicely on big cyber…

Futures flattish. But more fireworks off of earnings. TTD huge gap on numbers to almost new highs. JCP and JWN down in the continued trashing of big retail. This report has been telling you to avoid big retail for months and months and months. Not much else. All the noise is on this Comey thing…

When the DOW is down 140+, the S&P 20+ and the NASDAQ 50+ and come back like it did, it is good news. When the 50 day gets bounced off of on the RUSSEL and the DOW, it is good news. If that important support gets taken out, you will know it. Major indices remain range-bound…