Markets

Futures down about 70 Dow points as we write this as new accusations hit the Trump administration. Next, he inflated the footballs. We will have a wide ranging opinion piece on what we are seeing real soon as we called this months ago…on radio, on tv and right here. Another narrow day today as the…

Are we going to have a day where the president is not involved in some sort of controversy? The media gets no credibility from me based on past performance. Notice everything is from “un-named sources!” We are not Trumpsters. Those that listen to the radio show know we have tons of issues with this president…

The good get gooder. Simple as that. Tech/internet/semis and now cyber everything (cyber attacks) working. Many now very extended. So careful. But leave no doubt, remains the bull of the woods, Semis into another new high as they cannot be stopped. A few names names setting up. Also watching the tight action on the financials….

SOURCE: https://www.recode.net/2017/5/15/15639748/amazon-jeff-bezos-walmart-ipo-anniversary-market-cap-worth-double

SOURCE: https://www.yahoo.com/tech/worldwide-ransomware-cyberattacks-know-152751340.html

SOURCE: https://reneweconomy.com.au/death-spiral-for-cars-by-2030-you-probably-wont-own-one-93626/

We will have bigger report on market tonight. Futures flattish. Pre-market: Oil prices up sharply off of Russia/Saudis possibly extending OPEC pact. Prices up about 3%. Not a lot of leadership in energy at all. See a few set-ups in names like TOT but again, no leadership. Cyber security names up nicely on big cyber…