Newsletter

We pay a lot more attention to the big picture but needed to let you know those vital, vital, vital longer-term support levels are still holding. Go take a gander at the S&P right on the 200 day moving average. Go look where the DOW is sitting, in and around the Feb lows. The FINANCIALS…

DOW futures back to up just a wee bit but NDX futures hit as they are coming after AMZN and other high growth beta. End of quarter not helping so far.

Yikes: NVIDIA announces stopping the driver-less car crap for now. This leading stock drop $19. More trouble with FACEBOOK…that did not help. FACEBOOK trouble leads to TWITTER and GOOGLE smacked. TESLA continues to implode because when markets go on defensive, big money losers get clipped. Also, someone put out report saying they will be bankrupt….

Another decent gap to the upside this morning. Yesterday saw a much larger gap. “STOCKS REBOUND AS TRADE FEARS EBB!” That’s the type of headline we are seeing this morning. There always has to be a reason. But yesterday, Mnuchin stated they are going forward with tariffs. Yes, there were rumors we were negotiating with…

S&P  almost to the penny hold of 200 day average which also held Feb 9. A bunch of potential double bottoms. A drop, a retest, a rally. Beta went nuts. Gap to the upside into end of quarter…which we warned you about. End of quarter moves off of oversold conditions can be vicious. We suspect…

We left out one other rule from last night’s report. We cannot believe we forgot this one: In bearish markets, rallies are sharp, quick, noisy, make you feel good, suck you in and bury you soon after. That said, a 1.5%-2% gap to the upside this morning off of the rumor/news that the U.S. and…

It’s time to repeat the rules you had better follow as bearish market action is much different than bullish market action. We have no interest in waiting for the pundits to call a bear market as they wait until markets are down 20%. Markets  are made up of thousands of stocks, a couple hundred sectors,…