Markets

Those that follow us religiously, (all 8 of you) know we have been negative on commodities of all stripes for a good while…starting with the oils at the end of January. We remain with that stance as there continues to be no serious accumulation and any decent chart patterns in that area. This includes steel,…

Futures flattish. Being asked why market not up better after French election. Simple…because the dude was ahead by 25-30 points. Was already in the market. On top of that, what changes? France and the EU continue to be a money printing, negative rate, debt laden, deficit dove, socialist paradise. But I do like visiting Paris…will…

  “THE TEMPLATE NEVER CHANGES” By Gary Kaltbaum- May 7, 2017 -The modus operandi of the socialist left is to create new entitlements that are impossible to repeal because of the ganging up by the left and the media calling the other side heartless. To a large extent, it works…or they would not be using the…

The French election has passed and supposedly the market friendly candidate won. Terrific. We wish we can tell you a lot is changing but we will just have to continue to bore you. Not much has changed. Major indices remain in good shape with large cap continuing to lead small cap. The good news is…

Fake jobs number out better than expected. Rate down to 4.4%. Futures up a bit led by the big cap tech/internet. Gaps to upside: OLED, MELI, LOGM, SWIR, WING, AAOI. Downside: IBM down another $6 as Buffett sells. We have been negative on their accounting forever. We will have comments on the Republican healthcare bill…

THAT’S A HALF TRILLION DOWN THE DRAIN BECAUSE OF THE SLEAZY POLITICIANS THAT REFUSE TO BALANCE THE BOOKS…EACH YEAR…AND COUNTING!

We just wanted to reiterate our continued constant call on just about everything commodity as they go deeper into their bear phase. This includes energy, oil & gas, gold, silver, steel, copper, aluminum, fertilizers and anything you can drop on your toes and it hurts. This started with energy/oil&gas on January 30th break of support….