Newsletter

Just reporting the news: All major indices are BELOW the 50 day moving average. The SOX has pulled an Eiffel Tower move. Fewer and fewer areas and fewer and fewer stocks are working. Leading groups are utilities, reits, consumer staples…and a bunch of software names still working. But…mostly defensive areas leading any charge. OILS yikes…and…

Futures up a wee bit after a nauseating Thursday. We shall see how the day goes but yesterday, a bunch of stuff moved into or below shorter-term support. Not sure this is good news. We would like to put a good spin on things but: Oil prices melted down yesterday. This will be good news…

Major indices remain BELOW the 50 day moving average. This does not have to mean the death knell. It just means markets have no chance of going higher until price gets back above this important level. It just means things get tougher. Fewer and fewer things are working and will work. The biggest issue is…

Yesterday: Markets to gap to the downside on Huawei restrictions. Today: Markets to gap up on easing of those same restrictions. Hey…we just report the news. Just leave little doubt we have decision making by market movements. Nevertheless, internals heading more south with the all-important SEMIS in somewhat of a freefall…thought they will gap to…