Markets

SOURCE: https://www.geek.com/tech/400-burger-per-hour-robot-will-put-teenagers-out-of-work-1703546/

Another terror attack in London. Terror attacks in Nigeria. Terror attacks in Mali. Continued investigations on Trump. 24/7 shreeding of Trump by the media. The Mets are injured. The Knicks stink. But…the market hits new highs and most importantly, THE NASDAQ/NDX hold the 50 day/10 week moving averages on a gap like a trooper. This…

-We are reprinting our weekend report for the pre-market but adding in the big pre-market move this morning: -Tale of the tape: -The DOW and S&P edge higher sitting about 1% above the March 1 high. The DOW is a wee bit stronger. -The NASDAQ/NDX hold the 10 week/50 day average after the 6/09 yonking….

Tale of the tape: The DOW and S&P edge higher sitting about 1% above the March 1 high. The DOW is a wee bit stronger. The NASDAQ/NDX hold the 10 week/50 day average after the 6/09 yonking. We are not so sure the ugly is over. Lots of near term damage has been done but…

Amazon is buying Whole Foods Markets…for $42 cash ($13.7 billion). Beats the hell out of us! Amazon stock originally down $15 on the news is now up $16. Wal Mart, Target, Costco all down decently on the news. We understand Amazon wants to deliver everything including babies being born…just not sure what this means. Will…

We cannot tell you how important it is to watch the moving averages for the NASDAQ/NDX and the names that have led in that space. Most all in pullback mode towards moving averages. Will be vital to hold. A break below would not help. The good news, again, money flows have found lower beta areas…but…

Specifically, the NASDAQ/NDX/SEMIS remain under some pressure but let us take the good side of the coin. All have pulled back to and near their respective 10 week/50 day moving averages and so far held. The SEMIS are the stronger of the 3. On top of that, our proprietary list of strong growth names show…