Newsletter

After last weeks’ pullback which included an ugly gap day to the downside, we get a 900 point gap to the upside on Monday with a “mystery” rip into the close. We gap up 900 on Tuesday and give it all back by the close leaving tail after tail. In normal worlds, that type of…

Yesterday, the market gaps up in the neighborhood of 800-900 points after a few days of pullback and romp into the close. This morning, we gap up again. We have been asked a lot of questions on how can a market go up when the world is mostly still shut down. Frankly, we only care…

Crappy finish. Past 3 days may be showing the near-term wall from the recent crash lows rally. Thinking we go into some sort of pull back but don’t think much chance of breaking recent lows. More of a chance that we go range-bound for a bit with past 3 days a high. BIG PICTURE…REMAINS GROSS…