Markets

Fool me once… SOURCE: http://www.reuters.com/article/us-usa-politics-healthcare-idUSKBN19V0YP?il=0

SOURCE: https://www.washingtonpost.com/world/things-are-so-bad-in-venezuela-that-people-are-rationing-toothpaste/2017/07/07/a11fb782-6197-11e7-80a2-8c226031ac3f_story.html?utm_term=.92ac7c03466b

Futures pretty much flat with a few beta names getting the usual target raises whenever they are not acting as well as the analysts want. Yes…shenanigans. Other than that: Earnings this week: Tuesday- FAST, OMC, PEP Wednesday- CSX Thursday- DAL, TSM…airlines act well. Lower oil not hurting. Friday- Financials start up with C, JPM, PNC, WFC….

The tape remains split. We have taken pains to tell you what to avoid. You know the areas and you know the names. For a change, we will ignore the bad today and just write about what’s still working, what’s looking to work and anything else in shape. The new high list is laden with…

At this juncture, the SEMIS are the most important group to watch. As they go, beta goes. SEMIS are very strong today. You can see the 1020 breakout and support has held for now. If it continues to hold, we give very little chance for the “market” to further break down. That does not mean…

It is only 840 am but futures have bumped up nicely off of the fake job’s number which came in better than expected. Enjoy! This weekend: Will have a report on the most important sentence out of Trump’s Poland speech. As usual, no one talking about the most important part of the speech! Will have…

We are writing this before the fake job’s number. Futures flat. More damage done but keep in mind, major indices are only down a smidge. Not even close to real damage being done. We just think that at best, things get tougher and at worst, the next level of support will break…which means more to…

Hope you have been listening. The ice gets a little thinner today. Many looking for why! We couldn’t care less. The only thing we know is that we thought June 9th reminded us of what he had seen before…a top for an important area of the market. Before that, almost half of the market was…