Newsletter

The president may have added some kerosene to the recent distribution fire, especially in some tech that got hammered yesterday. The president tweeted some “bearish” rhetoric on the China trade deal. But don’t worry, the fed will be to the rescue tomorrow. (That was sarcasm!) Seeing a little change of complexion here in tech. Does…

The SOX does a V-shape but now definitely overbought. No biggie if it pulls back. Bad earnings are gapping up. No really. Companies with down sales and/or earnings are on the move. Good earnings are really being bought up. It is these characteristics that define good action. BUT…small caps, mid caps, transports, foreign markets continue…

The continued jello moving on the plate earnings season. GOOGL with the big sandbag…up $95…back into a big, wide base. EHTH, INTC, SBUX, TWTR and MCD on its usual no growth. AMZN down but not as bas as you would think considering guidance was 50% below. EMN, GT, CARB, MHK, CHTR are just a few…

All about the earnings with lots of jello moving on the plate…thus we write you less. At the end of the week, will have a better idea. Earnings not so great but “beat the number” working as guidance sandbagged. AMZN, GOOGL, INTC after the close. We will say the SEMIS been leading on crappy numbers…but…

As we write this, the German Dax is up over 200 BECAUSE GERMANY SAID THEIR ECONOMY MAY CONTRACT THIS QUARTER. No…really. Very simple…the European Central Bank is going to lower rates again even though rates are already negative. Do not forget we are lowering rates. India lowered rates. Australia lowered rates. China is making Bernanke…