Markets

Good reversals yesterday. NASDAQ/NDX/GROWTH led all day. Watch that new high list to see if it expands. Major indices sitting tight in here. Just needs a move out of range. OILS/ENERGY indeed pulling in. We thought it was about ready.  This area got too popular and too extended. Ten year yield back below 3% as…

Why does the article say red hot market? Bitcoins and other coins continue to head south. SOURCE: https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

A few important notes: We have been stating for days that OILS/ENERGY stocks were extended, stretched and overbought. They finally started to come in yesterday. As of now, this is a normal pullback. We suspect yesterday’s action will also presage a pullback in the price of oil. Our theme has not changed…and frankly, we expect…

SOURCE: https://www.wsj.com/articles/starbucks-says-drug-use-sleeping-unacceptable-as-it-clarifies-guest-policy-1526918854

Big gap yesterday on no trade war…but market stood still during day while NASDAQ-types pulled in. OIL PRICES continue up while the 10 year remains above 3%. OIL/ENERGY had another good day yesterday. On top of that, the dollar remains strong. MU announces gargantuan $10 billion buyback…stock up 7%.  MU market cap is only $65…

I swear these people are not well. SOURCE: http://www.breitbart.com/big-hollywood/2018/05/21/bill-nye-taxing-cow-farts-a-fantastic-thing-for-the-world/