Markets

To all our friends in Florida, there is a chance Irma could hit and be a big one. Do not mess with it. Best place to watch: http://www.nhc.noaa.gov/ Early last week, we had North Korea sending missiles over Japan. We had Harvey. We had massive floods. What did the market do? It reversed a big down…

Headline in the WSJ this morning: “SEPTEMBER IS ROTTEN MONTH FOR U.S. STOCKS!” Pay no attention. If the markets want to head lower, they will in spite of what month it is but: The recent correction was again anemic. The recent rally has the market turning the corner. Leadership showing up. Biotechs now on the…

BIOTECHS continue the 2 day romp…up on average 6% this week. Biotechs with substance (sales and earnings) as well as biotechs with nothing (not only no earnings but no sales) are big to the upside. A glance at the IBB or BBH show new high ground has been taken intraday. This is both meaningful to…

   —- “SUPPORT HOLDS”—- —Gary Kaltbaum- August 31, 2018—  —Maybe it is just end of month window dressing. Of course, window dressing is illegal so it does not happen. But support levels that we outlined for you have held. Pay no attention to the Dow only being up less than 30 points yesterday. The underlying market…

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…