Markets

Barack Obama said this: “The Senate bill, unveiled today, is not a health care bill. It’s a massive transfer of wealth from middle-class and poor families to the richest people in America” Gary K says this: “You raised taxes on the middle class and poor in your bill. All this is doing is rolling back…

 Looks like American not taking kindly! American Airlines Group Inc. (American Airlines or the Company) recently received an unsolicited notice from Qatar Airways indicating Qatar Airways’ intention to make a significant investment in American Airlines. As a publicly traded company, American Airlines’ common stock is available for purchase on the Nasdaq Stock Market, and Qatar…

Futures flattish with the NDX a little better. ORCL nice gap for a mega-cap. Earnings not that great but better than expected. Two of our favorite China patterns setting up in flag patterns hit to the downside on news out of China…SINA, WB. Something about regulators stopping them from doing certain things… Our thought process…

Yesterday…yuck…we would be watching: The SEMIS…more than half the names we follow now trade below resistance and showing not so thrilling patterns. The SOX remains above the 50 day. There is a direct correlation between the SEMIS and the market. Friday, 6/9 continues to weigh on our mind…as we asked the question that day…”changing of…

SOURCE: https://moneyish.com/ish/5-facts-that-prove-americans-dont-know-anything-about-managing-money/

SOURCE: https://www.usatoday.com/story/travel/nation-now/2017/06/19/its-so-hot-phoenix-they-cant-fly-planes/410766001/

Futures down a wee bit. Yesterday, the all-important NDX/NASDAQ held the 10 week/50 day. The Dow and S&P, which never blinked while TECH was being hit, moved higher again. We wish we could complain but can’t. But continue to stay away from the bearish areas we have been telling you about, particularly ENERGY, BIG RETAIL,…