Markets

Not a good day yesterday for TECH/INTERNET/SOCIAL MEDIA. Names like FB, GOOGL, TWTR act poorly. They are a tail wind for market for a long time. On top of that, even AMZN and AAPL now pulling back. On top of that, poor action in TSLA and NFLX not helping. TSLA down another $15 this morning…

By Gary Kaltbaum- We write this and actually disclose who we are.- The NASDAQ/NDX has been very strong in past months off of a select few mega-cap names. Earnings come out in droves in a few weeks but:- FACEBOOK gapped down recently on potential for slower growth. On top of that, Facebook has put themselves…

We saw a day like yesterday on 6/25 and 7/27 only to see NASDAQ hold at the 50 day average within pennies after a little more downside. We just know yesterday was another scare day where growth leaders took it on the chin. Some reversed a lot, others stayed near lows. The good news behind…

U.S. markets came back nicely yesterday but today, we accentuate the negatives. That does not take away from the great action of growth names or anything marijuana but: Have you seen: Russia, China, Brazil, Turkey, emerging markets, EAFE, other currencies, the German Dax, the London FTSE, Paris CAC….and so many other areas. We will just…

Been traveling extensively so will keep this short this morning: The market remains narrow. Major indices act fine. More than 40% of the market still aint happening and it is imperative that you continue to avoid areas we have told you to avoid…commodities of all stripes including gold/silver. Other markets like emerging, Brazil, Russia, Turkey,…