Markets

IBM yonked again as sales down again. UAL and CSX also down. Big story VRTX on drug news up $35…helping overall biotechs where the IBB looks perfect. ASML nice gap. MS smaller gap. The story is beta/tech/internet/China adrs/Semis are back and in a big way. The June 9th top lasted to July 7th and instead…

NFLX nice gap to new highs on big increase in subscribers and higher guidance. Other movers to upside are LMT, JNJ, UNH. Movers to the downside are HOG, GS, SCSS, ETH, ERIC. Futures are flat. On radio yesterday, we mentioned how tight recent action in ENERGY has been TO THE DOWNSIDE. We noted how energy…

They have created over $20 trillion of debt. They have created yearly deficits between $500 billion-$1 trillion. They have created a welfare state with over 80 programs doling out over $1 trillion/year. They have slowed down the potential of economic growth. They have grown Medicaid from a program to help the indigent to covering over…

Futures flat. A few beta names tick up. Very strong recent names BABA, AAOI, NVDA continue. Keep in mind, earnings soon for many. AAOI just raised numbers. Careful about extended names. BLK down $14. Financial leader misses. XPO down a couple…been a leader. Disaster of an IPO APRN down to $6.80…down 32% from IPO price…

On June 9th, we told you “beta” had topped for now. A week ago Friday, we thought a low for “beta” was being put in. BUT that was one hell of a low. Instead of bouncing back up, SEMIS/TECH/INTERNET and all that stuff pulled a “U”! During the time “beta” was being hit, we alerted…

SOURCE: http://www.dailymail.co.uk/news/article-4700202/Remains-WWII-fighter-pilot-70-years-later.html

Jaime Dimon: “Since the Great Recession which is now eight years old we’ve been growing at 1.5 to 2% despite the stupidity and political gridlock. Because the American business sector is powerful and strong and is going to grow regardless of they went to feed their kids and want to buy home they want to…