Markets

This is not to throw cold water on yesterday’s gap…and the fact is it could have been worse as the Dow almost got close to break even…just letting you know to cool your jets. GOLD and GOLD stocks are indeed pulling back but rather harshly yesterday. Unsure right here. Thought the breakout was meaningful and…

The big story will be the G-20 meetings and all the trade stuff. We’ll know a lot more over the weekend. FINANCIALS gap up this morning as EVERYONE beats the fake stress tests. This enables these financials to raise dividends and buy back more stock. GOLD still in bullish pullback. As we stated a few…

Tough day yesterday. Futures flat and then Mnuchin said some bs on China…same bs he has said a dozen times…but now the prez doing interview and is all over the map. Futures coming in. I am speechless. Go to my twitter feed and you will see all my sarcasm. Very tough to watch. Since you’re…

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…