Newsletter

Our concise thoughts: With yesterday’s action, we think the lows of the past few days hold for now. We would be surprised if it breaks any time soon. BUT…we do think we can pull back/retest. We say this because as we scanned 1500 names, 200 sectors, every country and every commodity, most stocks and stuff…

The DOW in March, early May and late June. The S&P in February, early April and early May. The NASDAQ in February and early April. The NDX in February, mid April and late April. What do these dates have in common? For these major indices, it was the dates that each held the all-important 200 day…

How does a market that closes so bad just gap up in a big way in the morning? We always cast a wary eye when they can’t rally markets during the trading day but get the “mystery” gaps overnight. Let’s just leave it at that because no matter what, price always counts. How bad is…

Can the market crash? Define crash! Early this year, markets dropped double digits within days. We could call that a crash. If you are asking whether we could have a 1987 crash…well, that would be approximately 6,000 Dow points. Oh hush! We never take any price action off the table but crashes just do not…