Markets

We said yesterday that more and more areas getting distributed. It worsened today but we must tell you, not that bad.   For sure, continue to avoid commodities, oils and the like as oil prices broke down today and most commodity names are cracking through support/moving averages. This includes gold/silver also. t just looks like…

malls have to do something. A ton of anchors have been closing. Not a bad idea. SOURCE: http://www.foxbusiness.com/markets/2017/03/08/supermarkets-drop-anchor-at-malls.html

Strong ADP numbers this morning. We have stated that the intangible of confidence may be back in the business owner’s mind…and possibly this leg up in hiring has to do with that. We shall see. Futures are basically flat but because of the ADP number, bonds selling off, yields rising and financials strong. Higher long…

Wish we had more to say but not a lot of movement this morning…and frankly, we are good with that. There is nothing bad about a quiet, calm pullback of indices. After the move off of the election, one is due…but so far, major indices not giving much back. Small caps are definitely under-performing tbhis…

More of this little pullback but keep in mind, lots of jello moving on the plate.   First off…housing stocks continue to have the best charts and a near term bid. Not exactly beta but working. Commodities are still breaking near term support and now seeing some steel names gag. Junk bonds may be topping….

Since we are being asked…no, we would not try and catch the proverbial falling knife because the action for this new IPO is random.  If you buy and it goes up, it is just luck. There is no edge in here with the trading.When we said last week that if this company sold pipes, it…