Market Look

We will have a bigger report on Sunday but: Tech acts well. Internet acts well. Beta acts well but: JUST WATCHING FINANCIALS. They rallied up a little bit this week but the pattern, to our eyes, is suspect. It looks like a topping process. Bad break, rally up into resistance (which was support) and moving…

Wish we had more to say…futures down a wee bit as it looks like the market may be settling into some rangebound action. This is not bad at all. The market does need rest. The market does not to work off some froth. The good news is that while it rests, the action underneath for…

And we remember CNBC making fun of the man and his laugh many years ago.

The White House has confirmed that China’s president Xi Jinping will meet with President Trump at Mar-a-Lago in Florida on April 6-7.  This comes at a time when there is lots to talk about. For starters, Trump has been railing against China since his campaign using words like “cheats” to describe China’s currency and trade….

Very quiet pre market but just remember retail, energy…twqo down and dead areas, finally back to some life…in counter-trend rallies. We will let you know if it is meaningful. So far, oversold rallies. LULU big gap to the downside. LULU quite the untrustworthy company at earnings time. Next Friday starts the earnings brigade with the…

The market was much better than Dow down 42. A/D 2-1. Down and out and dead Retail wakes up off the lows. Very oversold and overdue but still in bear market. Energy still rallying off reversal lows from 2 days ago. Strong moves in beta today as AMZN breaks out on volume with good action…

SOURCE: https://www.zerohedge.com/news/2017-03-29/government-shutdown-odds-rise-40-according-deutsche-bank

Futures flattish this morning. Good rebound off the 50 day moving average for the dow,s&p,nasdaq. As long as these important support areas hold, we good. A break and there is more of a correction in store. As we have told you, corrections are normal and quite overdue. It is good to see the hold and…