Markets

ABBV buying AGN. GOLD again with the little gap up. As we stated, we think the move is real but wait for pullbacks…which have not happened yet. Seeing a bunch of distribution in growth names as a few breaking the 50 day and a few bigger leaders like SHOP, TTD hitting near term highs. SMALL…

Futures flattish. Divergence city. Doesn’t mean markets are in trouble but: While the S&P hits highs…nothing else does. The DOW, NASDAQ, NDX are a little behind but the TRANSPORTS, THE SMALL CAPS, THE MID CAPS, FOREIGN MARKETS and a bunch of other stuff not even close. This is something to watch. GOLD/GOLD STOCKS look great…

Don’t drink to excess…and frankly, don’t drink at all. Don’t do drugs. Work out several times/week keeping your weight in line with norms. Eat right. Don’t smoke anything. (We are beside ourselves that government, in their bid to make more money, has made marijuana mainstream.) Compliment people. Consider joining philanthropic organizations that do good. Do…

—-The DOW and S&P are on the verge of breaking out of a big range starting way back in early 2018. The stronger NASDAQ/NDX are on the verge of breaking out of range that started last August. If this occurs, we would think it would be somewhat akin to the breakouts in the first week…

——We have studied markets going back to day one. Our software allows us to backdate. We have studied central banks. We have studied market reactions to central banks. For years, we have told you the past 10 years saw central banks both here and around the globe time their easy money moves to markets. We…

Amazing what the market reacts to. The president tweets something about China which was old news and the China trade turns up. The down and out SEMIS ramp hard. On top of that, the ECB going to lower rates even though rates are negative. Actually, we are not surprised.   BIG CAP indices edged above…