Newsletter

After the action of the week ending July 27, we penned a report titled ‘Changing of the Guard!” We thought at the time we were starting to see money flows out of “growth” and into “value!” This is not necessarily negative…just that some way overdue changes were in the offing. After all, value had been…

Futures down a wee bit after a strong Thursday. But not so strong was the NASDAQ/NDX/growth areas. Something to watch. A couple weeks back, we called a report “Changing of the Guard!” We are now seeing much better action in UTILITIES, REITS, DRUGS, FOOD, BEVERAGE and other CONSUMER STAPLES areas. We continue to see what…

SOURCE: http://www.dailymail.co.uk/news/article-6070345/Venezuela-removes-five-zeroes-banknotes-attempt-battle-economic-crisis.html

Crappy day yesterday and with a market without memory going back and forth right now…futures up nicely on blah blah blah low level trade talks in China will resume. To get the bad news out of the way: Wow…China, Russia, Brazil, Turkey, emerging markets and so many other countries have just continued to implode. COMMODITIES…

Another morning where market has no memory from the day before as futures smacked this morning…but there continues to be some consistent action. CHINA again smacked this morning. Emerging markets smacked…this has been going on a while and would continue to avoid. On the other side, a select list of growth stocks continue to be…

The market continues to thin out the herd. Forget for a second whether the market was down yesterday and the fact we will have a little gap up today. There were many more new lows than new highs yesterday. As we scan a couple thousand names each day, fewer and fewer remain above the 50…