Newsletter

Eyes are on Apple (AAPL)…gapping up this morning on strong numbers…but in recent days, we have seen a ton of growth blow-ups. Even AMZN and GOOG, which gapped up on good numbers, sold off. Futures flat on the S&P but up on the NDX because of AAPL. Strong gaps this morning in MOH, PAYC, SODA,…

More of a tech wreck yesterday. Many are out saying it is nothing…it is a blip…just buy. That’s fine. We hope they are right. But evidence in so far is the big money is now selling growth and parking the money in value. We suspect that is something that only lasts a couple of days….

SOURCE: https://abcnews.go.com/Health/wireStory/study-medicare-bill-estimated-326-trillion-56906940

Futures off their lows…almost flat. CAT up almost $5 this morning…in the DOW. AAPL reports after the close tomorrow. A ton more names reporting….ones to watch: PFE, PG in the DOW. RL, SHOP, CHRW, HUM, RCL, SQ, STMP, BABA, TSLA, CTSH, ICE, REGN, YUM, W, ANET, GDDY, SHAK, WTW.

Instead of the NASDAQ/NDX/RUSSELL leading like we have told you they have been leading, we now expect them to lag. This means that the DOW/S&P will actually hold up better. We are not saying this just because of Facebook or Twitter. We are saying this because we are seeing a lot of growth names showing…