Newsletter

Futures down off of weak Europe and Asia. China down even though they eased again. Not thrilling news. Markets short-term oversold but as we stated, oversold can become more oversold. Earnings start to come out in droves late this week with a few important FINANCIAL names like BLK, C, JPM, WFC. PNC.

Last week, we wrote this: While the DOW goes into new highs, nothing else is. While the DOW goes into new highs, advance/declines have made relative lows. While the DOW goes into new highs, the RUSSELL 2000 and the MID-CAPS have broke initial support and are woefully under-performing. While the DOW goes into new highs,…

The hope was if we could get past September and October earnings that we could have a good end of year rally. We have already had a decent rally and a bigger rally could still happen but: While the DOW goes into new highs, nothing else is. While the DOW goes into new highs, advance/declines…