The Morning Look
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The Morning Look

Market Update: Stock futures are relatively quiet ahead of Wednesday’s open one day after the major indices hit fresh record highs and topped psychologically important levels. The stock market will be closed all day on Thursday (in observance of Thanksgiving) and close at 1pm EST on Friday. Gary’s Thoughts: Futures down…nah, that can’t be. Market never…

The Closing Look
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The Closing Look

Stocks rallied on Tuesday helping the Dow trade above 19,000 and the S&P 500 top 2,200 for the first time ever. These are “round” numbers and important psychological levels to watch going forward. Existing home sales jumped to a 9.5 year high. Steel stocks continued to surge and act very well. Gary’s Thoughts: 19,000 dow…most…

Tuesday Pre-Market Look: Stocks In The News Before The Open
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Tuesday Pre-Market Look: Stocks In The News Before The Open

Facebook (FB) was upgraded to ‘Buy’ from ‘Hold’ at First Shanghai Securities Ltd with a price target of $135. FireEye (FEYE) fell 5% in pre-market trading after it was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs. Sina Corp. (SINA) rose over 2% in after-hours trading after it reported Q3 adjusted EPS of 24 cents,…

Required Reading
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Required Reading

Tech worker visas face uncertain future under Trump, Sessions Commentary: Putin will pay a high price for Trump’s friendship Tsunami of 60 cm reaches Fukushima coast after earthquake: NHK Cabinet hopefuls continue trek to Trump Tower Texas manhunt seeks killer of policeman; four U.S. police shot on same day Major indexes hit records as post-election…

WEEKEND MARKET NOTES
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WEEKEND MARKET NOTES

We continue to believe this remains a very split tape…regardless that some major indices are in new high ground. Bounces aside…and to be clear, all these areas are deeply oversold…we continue to avoid: Gold/silver, real estate, utilities, beverages, food, household products, tobacco,emerging markets, apparel, medical supplies,medical equipment, pharma, solar, big telecom, big cap tech/internet (Facebook,…

The Morning Look
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The Morning Look

Market Update: Stock futures are mixed ahead of Thursday’s open as the market digests last week’s very strong rally and waits for Yellen’s testimony on Capitol Hill today. Gary’s Thoughts: Except for shipping stocks going nuts after dropping 30-50% from highs yesterday…quiet morning. Quiet is good here. Economic Calendar: Consumer Price Index 8:30 AM ET Housing…