Markets

Another gross day yesterday until a late burst cut losses. Just keep in mind, every time down worsens the internals of the market. but…we have a big BUT here… On the way home yesterday, we were floored by how many were now talking about support levels and moving averages. Normally, Wall Street does not give…

Futures are down a wee bit on the S&P but worse on the NDX as AMAZON feeling effects of the Trumpster’s weekend words as well as the curtains opening up on TESLA. One of our market mantras: in bearish markets, the curtains come up to expose companies losing a ton of money. Ladies and gents,…

When bitcoin was in flight, a flight we basically have never seen, we wrote and told you some simple words: WE HAD NO IDEA HOW EXACTLY IT WOULD PLAY OUT…JUST DO NOT BE THE LAST ONE IN WHEN THE  MUSIC STOPPED. We said this for several reasons but the most important was the fact that…

Another grim day for just about everything tech/internet/growth/semis and all that stuff. We make note that it is now way stretched and oversold on a near term basis but that doesn’t mean they bounce. Amazing what can happen when an area is over-owned, over-loved and over-leveraged. Many are coming out defending all these names. We…

We pay a lot more attention to the big picture but needed to let you know those vital, vital, vital longer-term support levels are still holding. Go take a gander at the S&P right on the 200 day moving average. Go look where the DOW is sitting, in and around the Feb lows. The FINANCIALS…

DOW futures back to up just a wee bit but NDX futures hit as they are coming after AMZN and other high growth beta. End of quarter not helping so far.

Yikes: NVIDIA announces stopping the driver-less car crap for now. This leading stock drop $19. More trouble with FACEBOOK…that did not help. FACEBOOK trouble leads to TWITTER and GOOGLE smacked. TESLA continues to implode because when markets go on defensive, big money losers get clipped. Also, someone put out report saying they will be bankrupt….