Newsletter

Another meaningless election. Debt will go up $1.5 billion today and every day going forward. Who is going to step forward? Good bounce in TECH/SEMIS this morning after recent weakness. Still think there is more time and price. Fed day today…will raise 1/4 point…but also meaningless as easy money around globe is here to stay….

Our changing of the guard theme continues. We remain bearish on SEMIS for now as it seems that last move up was climactic and only seeing distribution here. We think the same for a decent sized list of past growth leaders though some still acting fine. That said, big money flows continue into HOUSING, FINANCIALS,…

Futures were up but now flattish because of an explosion at Port Authority which looks like a bombing attempt. Market action remains in fine shape. We do make note of two things. We continue to believe you avoid the SEMIS…which were leading for quite a while. The same goes for a long list of growth…

We told you Wednesday, after some suspicious action, that our leaders page did nothing more than get hit down to the 50 day/10 week moving average. This is a place where the boys come to defend or take a powder. Yesterday, a couple of hours in, they defended and this morning, a decent sized gap…

Just letting you know a bunch of growth leaders have recently been hammered on volume. But many were so extended, all they have done is fall down to their respective 50 day/10 week moving averages. It is this are that will be vital to hold. We will know more on any bounce, how they bounce,…