Newsletter

Guess the gap…up or down. Seems that is the m.o. now. What news is going to cause a gap to the upside? What news is going to cause a gap to the downside? This morning, nothing really news. We still have tariff issues. We still are hearing about Iran. Immigration is still a problem. But…

Not a good open this morning after a strong day was sold off into the close yesterday…after a gross day Monday. Leave no doubt, the internals are heading south. Leave no doubt, fewer and fewer working while more and more are breaking support. Yields down to 2.366 as we write this. Something is up. China…

Shorter-term, doesn’t take a genius to know markets are oversold. But oversold does not mean we do not get more oversold. The biggest problem markets will have right now is that most things have turned down for now. We suspect this will lead to some violent back and forth. Just leave no doubt, things are…

-Do you believe us now? For months, we have been telling you that nothing good comes from tariffs. For months, we have been told by the backers that it was just a tactic. Those backers of tariffs would have ripped any Democrat to shreds who applied tariffs…that hurt farmers…and then subsidized those farmers. We have…

Futures down a bit and all over the place as tweet after tweet comes out on China trade. But backing away from the noise: Major indices held the 50 day moving average yesterday…a place that normally holds in an uptrend. Get the hint! The NASDAQ, NDX, RUSSELL, TRANSPORTS and S&P bounced off this vital area….

Uh…the market is down on the open as trade tensions escalate. We are of the hope the president backs away from the tariffs that go in effect tomorrow. We really thought he would because he had no choice but not sure any more. Markets were overdue to correct because of a strong first 4 months….