Markets

Futures flattish after yesterday’s reversal. Remember, ugly reversals like yesterday do not have to lead to more downside. It’s just that the market’s internals topped out weeks ago so in combination, it must be watched…specifically if the financials take another leg down. Not much movement this morning but we repeat what we said on radio…pay…

It’s not the news, it’s how the market reacts to the news. The news today was the fed maybe, possibly rolling back some of the trillions they printed. These printed trillions, in our humble opinion, were the juice that moved markets. Take it away and…you never know.   Wednesday was just one day but it…

Payroll numbers continue to get better. This morning, it continued as ADP reported March numbers. The US generated 263,000 jobs, beating expectations of a 185,000 gain. This was the highest number since December 2014. Manufacturing numbers continue to soar. Trump effect? They will tell you so. Panera Bread (PNRA) indeed gets bought as JAB Holdings…

Let’s do good news this morning. Major indices continue to hold the 50 day average off of this 5 week pullback. The pullback remains constructive overall though there have been a few sectors in trouble. The financials have been hit below the 50 day moving average but have held this first move down. If the…

Just a few things to take away from today. A few names like NTES,NVDA breaking near-term support on volume. We just mark them off the card. Too many…then we will talk. AMZN, TSLA remain the bull of the woods in recent trade. Both extended here. AAPL just continues. AYI blow up of the day into…

Futures down decently this morning. REMEMBER, we are watching financials to see if any other cracks in the armor show up. We are now in the 5th week of pullback/corrective work. So far, it is nominal but financials remain under the 50 day and remain on the soft side. Bulls do not want to see…