Markets

—Despite major indices still range-bound…despite the internals nowhere near the strength of the big 4 indices…despite the clear lack of leadership…despite the clear lack of new yearly highs….”QE BUT DON’T CALL IT QE” is here.  We are calling it “QE BUT DON’T CALL IT QE” because that is what Jay Powell told us. “DO NOT…

Markets up over 1% because the prez says deal talks going “very well!” But he has used those words 100 times in the past 18 months. The difference? Elections matter and we are getting closer. But add in: We are calling it “QE BUT DON’T CALL IT QE!” At least, that’s what the easy money,…

What/ You’ve never seen down 1300, up 750 in a few days? And now we get more China trade meetings, impeachment talk, economy this, that and the other thing. Bottom line, trendless and friendless as moves random and major trends not to be had. The good news, eventually, markets and individual sectors will find trend….

Strong open this morning after good reversal yesterday BUT: Markets were very oversold yesterday and pulled back into the longer term 200 day. Leadership…what leadership? Ok AAPL acts with good r/s. Not sure any rally/bounce lasts as the technical condition just not that great. Have a great weekend.