Markets

PAY NO ATTENTION TO THE DOW BEING HIT A BIT YESTERDAY. A/D was positive and tone is positive. On top of that, indices are trading tightly here…especially NASDAQ and NDX. Maybe we rest here or pull back because we sit at resistance. Remember, people who bought in late January are now close to getting their…

Market was up nicely yesterday until a late day pullback off of all the news coming out of DC. That news is getting louder. We are amazed how sides get taken so quickly by those that love and by those that hate. We are on no side. We cannot stand any of them. Futures were…

TRANSPORTS threatening to break out of range. RUSSELL 2000 just below resistance. S&P just below resistance. MID CAPS on the verge of new highs. Worst areas in bounce mode. When worst areas bounce, best areas show up. Some answers to your questions: TSLA…no clue how this ends up. Yes…nice reversal yesterday but too much news-driven…

After the action of the week ending July 27, we penned a report titled ‘Changing of the Guard!” We thought at the time we were starting to see money flows out of “growth” and into “value!” This is not necessarily negative…just that some way overdue changes were in the offing. After all, value had been…

Futures down a wee bit after a strong Thursday. But not so strong was the NASDAQ/NDX/growth areas. Something to watch. A couple weeks back, we called a report “Changing of the Guard!” We are now seeing much better action in UTILITIES, REITS, DRUGS, FOOD, BEVERAGE and other CONSUMER STAPLES areas. We continue to see what…