Markets

TESLA bonds should yield 8-9%… SOURCE: https://www.wsj.com/article_email/tesla-bonds-tumble-in-sign-of-concern-over-finances-1503350854-lMyQjAxMTI3MTI3MjgyNTI5Wj/ 

Last night, we told you we thought yesterday’s close indicated that a bounce was ready to happen. We don’t giving short term calls as we like talking big picture but thought worth mentioning because of what we saw. And lo and behold…nice gap to the upside today. Yippee. Keep in mind, this is so far,…

Did you see the close? Suspect we bounce here but suspect at best, some flopping and chopping. There are just too many stocks and areas now in rough shape so headwinds prevail. The good news remains major indices have only dropped a few percent…which is a no biggie. But internals blah. A lot more new…

No big Monday gap this morning. Futures flattish to up a wee bit. WUBA another Chinese name gapping up. HLF gaps up on possible buyout. Whoa is the short sellers of this stock. Only 23 million of the 66 million float shorted. Don’t go blind looking at eclipse. Make sure you have the glasses.

First off, we don’t know why but just about every Monday has seen a mystery gap to the upside in the market. But the name of the game is more deterioration in the market. We’ll just report the facts! Before this past week, the market was about 50-50 in our proprietary scan. We think it…

Will have a couple reports over the weekend…one on the market and one on the state of the world. After yesterday’s yuck, futures bouncing a wee bit. From yesterday’s radio show: RUSSELL 2000 clearly breaks below the longer term 200 day moving average. TRANSPORTS are just below. We have been telling you to avoid these…

Uh…THINGS WORSENED TODAY. A 50-50 market probably now at 40-60 with a bunch of stuff rolling over. RUSSELL breaks the big 200 day average. Other indices break the 50. Stay tuned. Gonna be bumpy.