Newsletter

Tough day yesterday. Futures flat and then Mnuchin said some bs on China…same bs he has said a dozen times…but now the prez doing interview and is all over the map. Futures coming in. I am speechless. Go to my twitter feed and you will see all my sarcasm. Very tough to watch. Since you’re…

ABBV buying AGN. GOLD again with the little gap up. As we stated, we think the move is real but wait for pullbacks…which have not happened yet. Seeing a bunch of distribution in growth names as a few breaking the 50 day and a few bigger leaders like SHOP, TTD hitting near term highs. SMALL…

Futures flattish. Divergence city. Doesn’t mean markets are in trouble but: While the S&P hits highs…nothing else does. The DOW, NASDAQ, NDX are a little behind but the TRANSPORTS, THE SMALL CAPS, THE MID CAPS, FOREIGN MARKETS and a bunch of other stuff not even close. This is something to watch. GOLD/GOLD STOCKS look great…

Don’t drink to excess…and frankly, don’t drink at all. Don’t do drugs. Work out several times/week keeping your weight in line with norms. Eat right. Don’t smoke anything. (We are beside ourselves that government, in their bid to make more money, has made marijuana mainstream.) Compliment people. Consider joining philanthropic organizations that do good. Do…

—-The DOW and S&P are on the verge of breaking out of a big range starting way back in early 2018. The stronger NASDAQ/NDX are on the verge of breaking out of range that started last August. If this occurs, we would think it would be somewhat akin to the breakouts in the first week…

——We have studied markets going back to day one. Our software allows us to backdate. We have studied central banks. We have studied market reactions to central banks. For years, we have told you the past 10 years saw central banks both here and around the globe time their easy money moves to markets. We…