Newsletter

–We recently told you there was a darn good change big cap indices would go topside and break out of a long trading range. First off, the patterns were there but more importantly, we expected Powell to lower rates. We laughed at a few people saying Powell would not lower rates. We shall see how…

Mystery last minute pop yesterday gives strong NASDAQ day while DOW was down…no biggie. Futures down this morning when Powell told the world they are lowering rates at the end of the month. Futures now up nicely with major large cap indices opening into new highs. So…GDP in the 3s, unemployment in the 3s, major…

SOURCE: https://www.independent.co.uk/travel/news-and-advice/france-eco-tax-flights-tickets-airlines-planes-climate-change-a8996741.html

Futures are down after a down day. But we are not seeing much in the way of damage. In fact, there were a few growth names up nicely yesterday. BUT…if we have multiple days where the A/D is bad, the complexion of patterns could change so stay tuned. Next week, earnings start up in a…

After a very good reversal Friday, market gives it back on the gap this morning as Asia weak and yields are falling again. If one was looking at stocks, one would think the economy and earnings are accelerating. If one was looking at bonds, one would think all heck is going to break loose. We…

The fake jobs report better than expected so rates backing up decently today…calling into question how much rate cutting will be done…hitting markets in the pre-market. The 10 year has backed up 0.86 to 2.039…still ridiculously low. GOLD sinking on this news. Instead of being long winded…we’ll just end it here and send you full…

This is not to throw cold water on yesterday’s gap…and the fact is it could have been worse as the Dow almost got close to break even…just letting you know to cool your jets. GOLD and GOLD stocks are indeed pulling back but rather harshly yesterday. Unsure right here. Thought the breakout was meaningful and…