Newsletter

Very notable…the TRANSPORTS trade easily and up through the 50 day. This is important as it gives better odds for the major indices to follow. JBHT doing the trick even though they only beat by 1 cent. It’s not the news, its how things react to the news. Other names in the group soaring. Could…

Another gap up this morning…so with the late rally Friday and today’s gap, all losses have been recovered from Friday’s open…or something like that. Earnings of note this week: Monday BAC, JBHT, SCHW and the almighty NFLX after the close. Tuesday CMA, GS, JNJ, NTRS, UNH, CSX, IBM, IBKR, ISRG, LRCX, UAL Wednesday ABT, ASML,…

Our job is to report on the big picture and the major trend. Right now, there isn’t any major trend. The market is in the soup trapped between the highs and the recent lows. The major trend to the upside ended January 29 and in time, we will find out if this is just an…

More proof that the recent lows at long term support were a good low as yesterday, we moved away from support and this morning, futures getting better as we move towards the open. Major indices are going to attack the declining 50 day average. A break above would be huge. Keep in mind, lots of…

Big gap yesterday…TO THE UPSIDE. Big gap this morning…TO THE DOWNSIDE. Yippeeee! OILS/ENERGY moved above resistance (OIH,XLE,XOP). A few names actually into new yearly high ground. OIL PRICES back on the move. USO looks to break out again. Lots of world news doing the trick. LONGER-TERM SUPPORT continues to hold. Yesterday’s move got price a…

After another ugly reversal, this time because of a raid on the Trumpster’s lawyer’s everything, we sarcastically tweeted to not worry, the market will just gap back up 300 points. It was sarcasm. It was a joke….but that’s what the market is doing right now. You cannot blink. You cannot go home being bullish or…