Markets

SOURCE: https://nypost.com/2018/05/03/another-reminder-that-smoking-absolutely-destroys-your-lungs/

Futures are down decently after an ugly reaction to the maniacal Fed. Remember, every time markets go lower, internals go south…and you do not want to see internals go south as indices are again heading towards vital long-term support. You know what we think can possibly happen if that occurs. Watch them FINANCIALS closely. They…

SOURCE: http://www.dailymail.co.uk/news/article-5682471/Three-Americans-detained-North-Korea-moved-RELEASED-mark-historic-summit.html

Can’t even wear a dress one likes without the pc police knocking down the door! SOURCE: https://www.usatoday.com/story/news/nation-now/2018/05/01/chinese-prom-dress-draws-rage-but-utah-student-said-she-meant-no-harm/567846002/

SOURCE: http://losangeles.cbslocal.com/2018/05/01/va-hospital-flies-surgeries/

Nice reversal yesterday…led by the SEMIS. We wrote to you in the middle of the day that something was up. But the SEMIS are just oversold and like many other things, defending the ALL-IMPORTANT 200 DAY AVERAGE. APPLE (AAPL) is up $6.50 this morning as we write this. It was up almost $4 yesterday. Numbers…

One of the worst groups recently has been the mega-important SEMICONDUCTORS (SOX). Today, it has been showing relative strength from the get go. When the DOW was down 350 at its lows, the SOX was flat to up. This enabled the NASDAQ/NDX to also outperform the DOW markedly today. When you have a second, go…

SOURCE: https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record