Markets

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…

Markets may be in sit mode now. This is not a bad thing. IF MARKETS ARE GOING HIGHER, sitting for a bit or (hold your breath) actually pulling back is a good thing. It works off froth, puts some doubt back into the game and elongates bases. Of course, IF MARKETS ARE GOING LOWER, we…

Futures flattish. Yesterday…the good news, after reversing down hard, indices finished half way on the day’s bar. The bad news, decent reversal off the high. The good news, it’s just one day. But it’s just one day. Of note: Leading SOFTWARE names raided. This is to be watched. Maybe they are just pulling them in…

-We believe the complexion of the market is changing. The market has had its way since the lows with nary a pullback. The move has been calm and the move has been persistent. The move has occurred even though most data points around the globe have been heading south. (The US. remains the bull of…

Don’t worry about yesterday. Don’t worry about the past few days. Markets just gapping up today.  The all-important German Dax moving above resistance today doing the trick. When markets pull back for a few days and get a lot of it back on one gap to the upside, that is not bearish. A few TECH…