Markets

Very quiet pre market but just remember retail, energy…twqo down and dead areas, finally back to some life…in counter-trend rallies. We will let you know if it is meaningful. So far, oversold rallies. LULU big gap to the downside. LULU quite the untrustworthy company at earnings time. Next Friday starts the earnings brigade with the…

The market was much better than Dow down 42. A/D 2-1. Down and out and dead Retail wakes up off the lows. Very oversold and overdue but still in bear market. Energy still rallying off reversal lows from 2 days ago. Strong moves in beta today as AMZN breaks out on volume with good action…

SOURCE: https://www.zerohedge.com/news/2017-03-29/government-shutdown-odds-rise-40-according-deutsche-bank

Futures flattish this morning. Good rebound off the 50 day moving average for the dow,s&p,nasdaq. As long as these important support areas hold, we good. A break and there is more of a correction in store. As we have told you, corrections are normal and quite overdue. It is good to see the hold and…

Good rebound off the 50 day average for dow,s&p,nasdaq and many names that are inside the indices. As long as yesterday’s and today’s support holds, we should be fine. We will give the market the benefit of the doubt until otherwise. Financials did the trick as they have led up and led down.  Worst areas…

Yesterday’s thoughts that the reversal would lead to some upside testing is now taking place. The key is the 50 day moving average which was tagged by the dow and s&p and almost tagged on the nasdaq.  Looks like we have held support right where it needed and right where the big money crowd defends…

After yesterday’s decent reversal, futures down but hardly down. Of vital importance yesterday: the Dow and S&P held on to their 50 day moving average. This is the first visit to this important area since November 7th and is quite normal to finally happen. There is nothing wrong with a pullback into it as long as…