Markets

Gappers of note: SHW gapping to the upside off of tight action. Others: CSX, SCSS, AXP, BX, FL. To the downside…URI,WR,PLXS, PM….TRV and VZ small gaps to the downside for 2 Dow stocks. Futures remain up nicely. One of the se days, the strong open will hold but leave no doubt, we are in the…

Futures are up again. Forgot to mention yesterday gold stocks look like they are turning down again and energy goes deeper into the abyss. Bad day for energy prices…real bad day for energy stocks. Will have pre market movers before open.

Markets continue to have stronger opens and stronger days only to sell off into the close. The good news is the NASDAQ/NDX remains above the 50 day average and seems to continue to have the bid. Earnings on AMZN, FB, AAPL, GOOGL and others will be important. IBM, GS and JNJ good for about 150…

SOURCE: http://www.newsbusters.org/blogs/nb/rich-noyes/2017/04/18/honeymoon-hell-liberal-media-vs-president-trump

Mandate higher costs without productivity gains and… SOURCE: https://www.zerohedge.com/news/2017-04-18/harvard-shock-study-each-1-minimum-wage-hike-causes-4-10-increase-restaurant-failure

In spite of IBM down over 9 points…about 60 DOW points, futures up decently. Notice the Nasdaq and NDX both remain above the 50 day average while just about everything else remains a shade below. The good news is while there has been damage done, it is not of a long-term nature as just initial…

GS and JNJ were culprits today. IBM a culprit after the close. Market not as bad as Dow down 113. But leave no doubt, market has lost sectors and market has lost energy. Getting tougher and going to get tougher as we get into the meat of earnings.