Markets

To state the obvious facts, for the past 3 weeks, groups like semis, China ADRs, tech, internet have been en fuego. Normally, you get ebb and flow, which means pullbacks and rallies. This is the definition of persistence that does not allow entry. On top of that, it is all occurring pre-earnings reports. We have…

SOURCE: http://dailycaller.com/2017/10/09/california-to-have-harsher-penalty-for-pronoun-violations-than-for-knowingly-spreading-hiv/?utm_source=site-share

SOURCE: http://www.dailymail.co.uk/news/article-4972088/Venezuela-runs-paper-ink-print-new-passports.html

If you owned MEDIA, DRUG STORES, BIG TELCOM, LOTS OF RETAIL, AUTO PARTS RETAIL,MANAGED CARE, BEVERAGES, FOOD, HEALTHCARE DISTRIBUTORS,SUPERMARKETS,TOBACCO, DEPT STORES, ADVERTISING, LOTS OF ENERGY and a few big names like the GE, IBM, DIS and a bunch others…you are not a happy camper. We bring this up first while the market is strong because…

GOOD LOOKING OPEN. Seeing beta up as targets get raised for names like NVDA, NFLX. NFLX reports Monday. Seeing better action in weaker dollar plays. OILS strong this morning…been range-bound past couple of weeks. Seeing some STEEL names setting up. Keep in mind, this has all happened pre-earnings. Earnings will change the playing field. CITI…

SOURCE: http://www.hollywoodreporter.com/news/tv-stocks-tumble-at-t-cord-cutting-disclosure-1048224

Earnings season getting started. Both C and JPM reported. As we write this, C is DOWN 13 cents.  What a move! JPM is DOWN 13 cents. On another note, DPZ down a big $13 with JNPR down about 5%. Tomorrow, we get BAC,PNC, WFC, JBHT and next week, we get a ton. Futures down a…