Market Look

“Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,”

“We acknowledge that we continue to face a challenging competitive environment and while we continue to focus on our overall profitability, including managing expenses, we reported a loss in 2016 and were required to fund cash used in operating activities with cash from investing and financing activities. We expect that the actions taken in 2016…

That was one heck of a body blow yesterday…not because of the drop but because of what dropped. The financials have led since November 9th, simple as that. So the question must be asked whether if this ugly continues, will they lead down? Back in early January, we thought the financials were being distributed…but after…

Take a close look at all the financials…most all have rolled over. Most have broke near term support and most have broken the 50 day moving average. Most have very big volume. Since financial led the market up from the election, it is not a reach that if it continues, it leads market down. After…

Futures are up a wee bit with NASDAQ-types a wee bit better. Not much happening here as markets been sitting for 3 weeks. But notice…markets still cannot correct for even 2%. So we are sector specific until indices go one way or another. But the motto has been if they cannot send em down, eventually,…

We think the market was paying more attention to Capital Hill today than anything else but: As we have stated…watch them financials…and today, another day of some distribution. Needless to say, they have led this move up. Other than that, not much else to take away from today…maybe tomorrow.

Market does not want to see more of this!