Markets

Strong day yesterday…duh! Earnings season in full force…not so great…but reactions are good. Market had better be telegraphing good stuff going forward. Will have a list of gappers over the weekend. Also…except for a few, even the really bad numbers are not getting killed…yet! Bernie says let the Boston bomber vote. Forget the socialism. Forget…

Pay no attention to the DOW yesterday or quiet trading. Lots of set-ups going into earnings season…and more decent reactions to crappy earnings this morning. Gaps in CDNS, HAS, LMT, TWTR, UTX, WHR. NFLX announces $2 billion in bonds to pay for what else? Content! A ton of earnings next 3 weeks and the Fed…

For a change, futures down. In 15 of the past 17 trading days, stocks have gapped up with a total number of 97.9 S&P points. But…the S&P is only up 87.8 points during that time. This goes hand in hand with a NY Times article we read in early 2018. The article went on to…

Just about all of HEALTHCARE has basically crashed. Very very very oversold and stretched to the downside. Rallies/bounces will happen but will be random. REITS/UTES look like highs in for now…unless rates start coming down again. Rough growth/software and all that stuff day yesterday. A bunch of names below 50 day average now. QCOM…had no…

QCOM/AAPL settle litigation. QCOM soars yesterday and is gapping up today. This really helped the SOX again yesterday. NFLX lowers guidance from $1,00 to 55 cents for next quarter. Sales decelerate again. Stock down 7% in after hours yesterday. As we write this, up more than 2%. INTC getting out of 5g or something like…

We repeat our thoughts. Valuations for weed stocks are a joke…ridiculously over-valued. But a bull market is a bull market and for a while, they were bullish. No longer. Once just about all broke the 50 day moving average, that was party for now. But it just worsens and most names dive even further. We…