Markets

Well…that was one heck of a day. Look how in one week how things changed. Last Monday, we identified a near-term high in the market. On Friday, we identified a near-term low because of the late reversal. But yesterday’s action rated a big WOW as Boeing’s action could have hurt things. Instead, BA got back…

We thought Friday’s action stopped last week’s bleeding as markets reversed into the close. This morning: Even though BA is down 50 points because of another crash…that’s about 325-350 dow points: Futures (except for the DOW) are up decently. Powell was on 60 Minutes talking EASY MONEY…think that is doing the trick this morning. MLNX bought by…

Lots of talk about the 10 year anniversary of the bull market and why! Readers of our maniacal reports know we are big believers that central banks around the globe have been doing their best to stave off bear markets. Whenever one shows up, easy money, easier money or easy money rhetoric go center stage….

Crappy day yesterday. Crappy open this morning. Jobs number not so good. Global numbers not so good. We changed our stance on Monday and stick with that change of stance. Distribution has entered the market not only here but around the globe. We will let others tell you where things will be at the end…

A little corrective work continues. Not a good day yesterday. especially for small and mid-caps with the a/d very poor. But it is only one day and only a few days of weakness. We are watching the SEMIS closely as they may be in rollover mode. If they head lower, it is going to be…