Markets

Futures flat. ASML up $8 even though earnings down. CSX up $2. MS up $1.50. Another beta day yesterday. NFLX the big gap down was bought and finished above the 50 day. Telling! Even bitcoin waking out of its slumber.  

SOURCE: https://theintercept.com/2018/07/16/chicago-universal-basic-income-ubi/

A few things stick out: FINANCIALS finally showed some serious accumulation yesterday. Whether or not they can continue to move is another story but it is a good start for this important area. It is noteworthy that JPM and C both acted poorly Friday off of their earnings but moved nicely yesterday. We are asked…

All the talk today will be Trump/Putin. In case you did not know, Russia is an economic shrimp compared to us. In fact, Texas has a larger economy than Russia even though Russia has 5x the people. Their GDP is just 8% of the U.S. GDP even though they have about 35-40% of the people…

No reason to get too in-depth on the market here as we now enter earnings season. So far, Friday’s reaction to a few big financials was less than stellar. The market has been improving. Even the DOW and S&P are playing catch up. But, by our proprietary estimate, about 50% of the market is still…

Uh…NASDAQ/NASDAQ 100. Uh…NASDAQ/NASDAQ 100. Uh…NASDAQ/NASDAQ 100. We shall leave it at that. Fast and amazing fact: Total return since the Amazon IPO in May 1997 Barnes & Noble: -13% Amazon: +91,644% Full report on the weekend.