Newsletter

Futures up strong and: Remember our report from yesterday/ LONGFIN (LFIN) is up $15 to $37 in the premarket…not a typo. Pre holiday week…markets remain strong and now, the weak SEMIS may be turning up. Foreign markets strong overnight. Earnings this week: CCL, DRI, FDX, MU, RHT, SFIX Tuesday. The rest of the week, not…

Back in 99, internet stocks were humming. I remember it well. Companies would come public and be up 5-fold the first day. Companies would add .com to their name and see their stock soar. Companies would change their name to make them internet-based and watched their stocks soar. Mutual funds changed their names to show…

Yesterday’s bear market is already over…before the market is even open. And that’s not sarcasm. COST, ADBE, JBL gapping up. ORCL gapping down. Not seeing any news to account for the gap except to get back what was lost yesterday. This weekend: reports on the tax plan, markets and other stuff.

What else is new? Futures up a bit. Europe again teasing tightening and then does nothing as EMF (EASY MONEY FOREVER) continues. Not a lot going on. ADBE reports after close. DISNEY buying FOX properties…except FOX NEWS/BUSINESS and SPORTS. Watch PYPL. Decent size insider buy at $74…on first minor pullback after a big run this…

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,…