Newsletter

Futures up this morning off of a strong Friday. There are several things sticking out here. The NASDAQ/NDX have moved out of handles led by a slew of growth names, with some of the mega-cap names also doing the trick. This is important. Never a bad thing when so many are setting up and breaking…

The DOW is down 1.36% this week…but the NASDAQ is up 8 points with the Russell up .4%. I know it does not sound like a lot but the divergences we outlined for you coming into the week have only been accentuated. The DOW remains very weak relative to all. FINANCIALS remain in some trouble…

After two wild days, the S&P is up a whopping 2 points this week. The DOW is down 85 points but the RUSSELL is up 1% and the NASDAQ is up 28 points…the SOX is flat and guess what, nothing has changed from our weekend report. From that report: The RUSSELL is the strongest…and remains…

Outcome is what matters to us. Some are blaming Trump tariffs for today. Others are blaming the Italy situation. Neither explain what we are seeing in the financials. Coming into the week, one of our peeves was the lagging financials and now they are downright breaking down. Don’t take our word for it. Check out:…