Markets

SOURCE:  https://www.bloomberg.com/news/articles/2017-07-06/-voluntary-tax-plan-as-expected-fails-miserably-in-norway

On radio yesterday, I stated that off of a good NASDAQ day yesterday, I received quite a few emails asking me if the bottom in TECH/INTERNET/SEMIS and all that crap was over. To repeat, in our exhaustive studies going back since day 1 of the markets, bear phases in TECH/INTERNET/SEMIS do not last weeks and…

As we write this: TESLA target lowered by CITI…who has been bearish and wrong for a long time on the stock…but it is still down $13 to the 50 day average. We shall see if it holds. SEMIS bouncing…they are oversold after recent smack down. OIL lower…better action last week but we still say avoid….

It is 730 am here in London. Happy almost July 4th. Half day trading today. Still don’t know why they do half days. How about just 2 days off? Friday’s cose was weird…a big rally and a big dump. We suspect the boys will try to get that drop back at the open today. We…

On radio yesterday, we said down 100 Tuesday, up 87 Wednesday, down 100 Thursday…for the Nasdaq…why not just go up 90 on Friday? That was sarcasm but you never know. Futures up decently after a yuck day Thursday. To take the positive side, the Nasdaq was down 150 yesterday and finished only 90…and by no…

“The sea was angry that day, my friends – like an old man trying to send back soup in a deli.” George Costanza First off, please pay no attention to those who have been bearish since Noah and his ark! Whenever markets get hit, well…you know what they do. After being bullish on TECH/INTERNET/NASDAQ/NDX and…