Newsletter

Finally, another near term low? After a bunch of wicked, wild gaps and reversals…after hearing day in and day out supposed bad news on tariffs, Amazon, Facebook and whatever else, the best guess is that YESTERDAY’S REVERSAL did the trick as “bad news” was not only defended near the lows but was bought up nicely….

When the Dow cut its losses in half earlier today, we thought there was a decent chance the market was again being defended at a most important juncture. It was a guess based on knowing longer-term support is hard to break as well as the action we were seeing. As we write this, 450 Dow…

We know. We know it is early and frankly, hate yapping away so early but…just needed to let all the peeps know that AGAIN, markets showing supportive action right at or near very, very, very important longer-term support levels. Did we tell you they are very important levels? Remember, these levels are price levels. Price…

As we write this, futures are down about 530 Dow points this morning as China decided to take retaliatory measures against the Trump tariffs. Of course it is still early. Trump can just send out a tweet saying “Just kidding!” and turn futures around. We repeat many of our thoughts on tariffs. Tariffs are a…

Another gross day yesterday until a late burst cut losses. Just keep in mind, every time down worsens the internals of the market. but…we have a big BUT here… On the way home yesterday, we were floored by how many were now talking about support levels and moving averages. Normally, Wall Street does not give…

Futures are down a wee bit on the S&P but worse on the NDX as AMAZON feeling effects of the Trumpster’s weekend words as well as the curtains opening up on TESLA. One of our market mantras: in bearish markets, the curtains come up to expose companies losing a ton of money. Ladies and gents,…