Markets

Pay no attention to the Dow which is actually down a point. NASDAQ up 36…NDX up 39. AND: BIOTECHS lighting up like a pinball machine. KITE was bought out on Monday for $10 billion even though no drugs to market yet. That is lifting the whole group. Many hitting screens today. SEMIS up nicely. As…

SOURCE: https://www.youtube.com/watch?v=yLQXIJuCCD8

First off…amazing stories, pictures and video of amazing survival, rescues, generosity and downright tenacity. We repeat…the best of this country…and in plain sight. If you want to donate, the best way is through the Red Cross. Futures up a wee bit. Good reversal yesterday as major indices defended at or near support. Transports had an…

When they gap it down on supposedly bad news and buy it up…it is good news. When the worst areas like TRANSPORTS get defended at support, it is not bad news. When leading growth names remain tight, it is good news. When major support cannot be breached for major indices, that is good news. That…

SOURCE: https://www.weaselzippers.us/355038-kathy-griffin-takes-back-severed-trump-head-apology-i-am-no-longer-sorry-the-whole-outrage-was-b-s/

Market told North Korea to go screw. From the outset, weakness bought up. The 40% or so of the market that has been working but pulling in…settled down, held and moved higher…helping the market along. We are talking the SOX (SEMIS), some big cap growth/glamour names as well as big names that have been hit…

Down open. Blame is on North Korea…BUT…we think this morning is North Korea but we KNOW the overall drop, the overall weakness can only happen in a weaker market. This market has been weakening for weeks. Just remember that. If the market was set up to go higher, most everything gets shrugged off. We now…

    “ICE…MEET THINNER!” By Gary Kaltbaum- August 28, 2017i ——We have taken pains to report to you in recent weeks how the internals of the market were heading south and needed to be watched. After all, we haven’t even seen a 5 percenter since before the election. We were and are simply way overdue. Nothing…