Newsletter

Tough day yesterday. Hey…markets do go down. It is just one day but there was subtle distribution in past couple of weeks. First off, we love corrections because it is easiest to isolate strength in corrections. But of course, no one likes markets going down. The best guess is we have some price and time…

AAPL up $7.85 off crappy numbers. China trade talks break off but markets up on fed day. Asian markets hit…worries in Hong Kong/China. North Korea more weapons test. As we stated from the start, we dont blame Trump for trying but there was never ever ever a chance of this murderous thug of ever denuclearizing….

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…