Newsletter

Futures flat as flat can be. YELP,SAIL,CVNA,AYX,ROKU,GOOSJACK, IAC, NCLH gapping up. BKNG down a measly $150. STMP down $36. We love quiet markets. It elongates bases and sets things up better. Will take a couple of weeks of this. No more news on TESLA this morning but make note with the stock at $365, there…

We will have more on Tesla later but you can hear my thoughts on it from radio yesterday at www.garyk.com. Stocks are flattish this morning on the open. We do not have a lot of complaints on the market here. For sure, still areas not working but charts of the indices look fine. Just a…

Very rare we don’t have much to complain about. After our “changing of the guard” thought, lower beta areas have come on broadening out the market. But the other side in where growth was being whacked, stopped dead in its tracks on the downside when AAPL gapped up. Since, growth has bounced decently. The charts…

We wrote changing of the guard last weekend and as of now, we are getting a little over a half of it. We have seen some decent distribution in growth…but the good news, overall, still holding up…especially with AAPL and now TSLA on the move. But on the other end: We are seeing continued money…

The big story yesterday was the NASDAQ/NDX holding the 50 day average again…almost to the penny. The same thing happened at the end of June. This time led by AAPL which gaped and continued up. On top of that, AMZN got going again. Even the worst reactors like FB, NFLX and TWTR bounced enabling the…