Market Look

We try to be very careful with our words here. There are too many calling for 5,000 DOW and just as many calling for 50,000 DOW. You know what we mean and you must know, they are usually selling something. We have never called for crashes. We have never called for melt-ups. We do call…

BIOTECHS blasted out of the big base set-up we told you was occurring. It is now very extended but thinking this is for real. Pullbacks should be looked at. REGIONAL BANKS look the opposite as many are rolling over. Watch the KRE. A break below $51 would be a big negative. The SEMIS still holding…

Thoughts on the senate healthcare bill: Subsidies, grants, tax credits, waivers. All are in the senate bill. All four mean the taxpayer continues to be on the hook for others. This should never be. But in the world of socialist governments, the taxpayer is always on the hook. Unfortunately, while the bill is a definite…

Barack Obama said this: “The Senate bill, unveiled today, is not a health care bill. It’s a massive transfer of wealth from middle-class and poor families to the richest people in America” Gary K says this: “You raised taxes on the middle class and poor in your bill. All this is doing is rolling back…

 Looks like American not taking kindly! American Airlines Group Inc. (American Airlines or the Company) recently received an unsolicited notice from Qatar Airways indicating Qatar Airways’ intention to make a significant investment in American Airlines. As a publicly traded company, American Airlines’ common stock is available for purchase on the Nasdaq Stock Market, and Qatar…

Futures flattish with the NDX a little better. ORCL nice gap for a mega-cap. Earnings not that great but better than expected. Two of our favorite China patterns setting up in flag patterns hit to the downside on news out of China…SINA, WB. Something about regulators stopping them from doing certain things… Our thought process…