Markets

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.

Futures down for a change. BABA beats nicely…up 5% pre market. After that, a few small gaps to the downside in CSCO, NTAP, BGG, SNPS and WMT, LB as the retail disaster continues. WMT has been acting much better than the rest…but reports again with basically no growth. LB is down over 50% in past…

Futures up but not a lot of movers early as we are past a lot of earnings season. After dropping 60% since last November, URBN up over 20% on a 33% earnings drop…but better than expected. After that, not seeing much but looks like the North Korea action from last week could be in the…