Newsletter

SOURCE: http://losangeles.cbslocal.com/2018/05/01/va-hospital-flies-surgeries/

Nice reversal yesterday…led by the SEMIS. We wrote to you in the middle of the day that something was up. But the SEMIS are just oversold and like many other things, defending the ALL-IMPORTANT 200 DAY AVERAGE. APPLE (AAPL) is up $6.50 this morning as we write this. It was up almost $4 yesterday. Numbers…

One of the worst groups recently has been the mega-important SEMICONDUCTORS (SOX). Today, it has been showing relative strength from the get go. When the DOW was down 350 at its lows, the SOX was flat to up. This enabled the NASDAQ/NDX to also outperform the DOW markedly today. When you have a second, go…

SOURCE: https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record

SOURCE: http://dailycaller.com/2018/04/29/vancouver-gas-prices-nearing-8-a-gallon-the-highest-in-north-america/

MCD up $6 on a 9% drop in sales…but earnings were up. Last 4 quarters sales for Mcdonalds -3, -10, -11, -9 but the stock keeps performing. Futures up but off the highs of a few hours ago. China strong overnight. Look at the FXI tight along the 200 day. A ton more earnings this…

Random thoughts on everything: Tomorrow is end of month…and then the sell in May and go away period. This is supposedly not a good period, especially in a mid-term year…but as always, we will let the market decide on that one. From 1950 to around 2013, DOW has had an average return of only 0.3% during…