Newsletter

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…

That was a crappy reversal today. Many blaming the news out of the Mueller investigation. But don’t fret it. We were waiting on the head of China’s speech tonight. Many believed he would make nice-nice on the “trade war” and walk things back. We have told all that at the end of the day, we…