Markets

Those that follow our work know much much the SEMICONDUCTORS matter to us. It is not very often the market is not in sync with this all-important area. The SEMIS have had some decent pressure recently with the result of many names breaking support. With this recent rally,  the SOX bounced up but to our…

All about the commods yesterday. OIL, STEEL, COPPER, ALUMINUM, PALLADIUM and all that stuff. Oil prices continue to rise and are up again nicely this morning. All very extended here but leave no doubt, money flows continue. But not going to be fun at the pump. TSM warns this morning and says it is all…

First, a few notes: OIL PRICES again strong this morning. OILS are now extended from this recent move. Look at OIH, XLE, XOP for the recent moves off lows. A decent amount of names are at new highs. BETA was strong yesterday. My beta page lit up like a pinball machine. Major indices back above…

TRANSPORTS were indeed a very good clue yesterday and today we get another gap to the upside. The TRANSPORTS broke through the 50 day average like a hot knife in butter as JB Hunt reacts well to earnings. Other names in the area followed suit. Today, we gap up again as UNH, GS, JNJ in…

Very notable…the TRANSPORTS trade easily and up through the 50 day. This is important as it gives better odds for the major indices to follow. JBHT doing the trick even though they only beat by 1 cent. It’s not the news, its how things react to the news. Other names in the group soaring. Could…

Another gap up this morning…so with the late rally Friday and today’s gap, all losses have been recovered from Friday’s open…or something like that. Earnings of note this week: Monday BAC, JBHT, SCHW and the almighty NFLX after the close. Tuesday CMA, GS, JNJ, NTRS, UNH, CSX, IBM, IBKR, ISRG, LRCX, UAL Wednesday ABT, ASML,…