Market Look

Continued greetings from Berlin. Tonight’s radio program was pre-taped in the first hour of trading…before the midday deep selloff and before the decent reversal by the close. The final outcome of the day: The Dow and S&P both undercut the 50 day and finished right on top of the moving average. Important. When an index…

Very quickly since just got back from an amazing tour of Berlin: WATCH FINANCIALS. They look suspect here. IF they break a secondary support level, expect major indices to take out the 50 day. This would be important. Otherwise, we head into earning’s season knowing internals have gone south and knowing we have not had…

Almost midnight here in Berlin…a fascinating place. Will write about it in my retro diary later this week. We remain worried about the financials. Another day of not acting well. In fact, we do not think it takes much to break them down from another level. If this occurs, it will not be good for…

Greetings from Berlin Germany. Will have more on my trip later this week as we head to Krakow Poland next to see the concentration camps of Auschwitz-Birkenau. I am not a drinker but hear after the visit, I will need to drink a lot. Futures flattish as we head into shortened holiday week. I am…

We have emphasized to you recently it is more about the sectors than the indices as side by side, there continues to be bull and bear markets. On top of that, there have been fewer and fewer stocks and sectors working so dart throwing time is over. Let’s break it down. Large continues to be…

Futures came all the way back to even after being down 140 Dow points. The drop coincided with our attack on a Syrian airfield. The fake employment number came out a few minutes ago…not even close to expectations…so we have fallen off again but just about 1/4 percent. We are already inundated with questions asking…

U.S. warships striked a Syrian airfield with 59 Tomahawk missiles. This comes in response to Syria’s chemical attack on their own people killing men, women, children and babies. Futures are down about 120 Dow points. Oil has spiked. Gold has spiked. Game changer? Will depend on a lot of variables as this moves forward. More…