Markets

All quiet except ADBE up nicely on numbers and money loser OSTK down on big losses. OSTK ramped for a while off of coins but that is heading into the dust bin. Notice energy rolling over at the lows. Commodities also suspect here. No changes. Hoping for markets to calm a bit. Not thrilled with…

DOW futures up a wee bit. NDX futures flat. Just a lot of crosscurrents out there. Far past the time of throwing darts. Patterns of the DOW, NYSE, TRANSPORTS look sickly. NASDAQ/NDX/SEMIS still the bull of the woods. They had better stay strong. FINANCIALS caving in but just a wee bit. Not sweating them yet….

Amazing! Headline: “TEN YEARS AFTER BEAR STEARNS, NOBODY THINKS IT WOULD HAPPEN AGAIN!” Really? Nobody? This somebody disagrees. We do not need to rehash our constant drumbeats of the financial stocks woefully under-performing in 07 and into 08 telegraphing trouble. We do not need to rehash our constant calls of a credit bubble. We do…

Let’s just say the NASDAQ/NDX/SEMIS/GROWTH and all that stuff had better continue to do well/hold up because many areas continue to deteriorate with many areas/names rallying up INTO the 50 day and falling off badly. (see DOW,NYSE, TRANSPORTS) We shall leave it at that.

Hey you technicians, just letting you know big DOW leader Boeing (BA) just broke the 50 day average cleanly for first time in 15 months. Doesn’t mean the end of the world but the longer something holds that important area and then breaks, it is often of consequence. Of course, anything is possible and the…

Nothing like an ugly sell day followed by futures that were down last night…followed by another reversal with a nice gap to the upside this morning. Ping pong. We suspect there will be more of the back and forth but all expect to find areas to exploit. Hopefully! We do not like gaps to the…

SOURCE: https://www.zerohedge.com/news/2018-03-13/new-jersey-prepares-raise-taxes-almost-everything-it-nears-financial-disaster