Markets

The market is again approaching the key levels of longer-term support. Markets used to forecast the future but in the  past few years, it had to react to every word and every move of the Fed and now it has to react to everything out of  the Trump machine. Friday was the talk of another…

In recent reports, we found it necessary to put language in our reports that go something like this: “but we don’t know what the next tweet will be!” After all, it now seems there is not a day that goes by where President Trump doesn’t mention something that potentially affects markets. After a calming down,…

Finally, another near term low? After a bunch of wicked, wild gaps and reversals…after hearing day in and day out supposed bad news on tariffs, Amazon, Facebook and whatever else, the best guess is that YESTERDAY’S REVERSAL did the trick as “bad news” was not only defended near the lows but was bought up nicely….

When the Dow cut its losses in half earlier today, we thought there was a decent chance the market was again being defended at a most important juncture. It was a guess based on knowing longer-term support is hard to break as well as the action we were seeing. As we write this, 450 Dow…

We know. We know it is early and frankly, hate yapping away so early but…just needed to let all the peeps know that AGAIN, markets showing supportive action right at or near very, very, very important longer-term support levels. Did we tell you they are very important levels? Remember, these levels are price levels. Price…

As we write this, futures are down about 530 Dow points this morning as China decided to take retaliatory measures against the Trump tariffs. Of course it is still early. Trump can just send out a tweet saying “Just kidding!” and turn futures around. We repeat many of our thoughts on tariffs. Tariffs are a…