Newsletter

Futures flat. Markets never go down. Tax reform today. I think. From what I am hearing, not happy at all. Feels like a monstrous missed opportunity for a bunch of wimps that are afraid of their own shadows and have no core principles. Seeing nothing about size of government. Seeing nothing about government spending. BUT…we…

A reminder of some things for tomorrow:   New fedhead announced…a dude named Powell. Nothing gonna change. Trump had a chance to put in someone that would normalize things but realized he wants markets up also. Tax plan coming out. From what I am hearing, it is less than promised. In fact, there are things…

Europe up stong after Asia up strong so we are up strong. Movers to the upside: X, SODA, EL, WYNN To the downside: CHKP, FISV, DDD, EVHC, EA, PZZA, PAYC, RGR, CRTO OIL PRICES broke above range so some of the down and out OILS are coming on. REFINERS remain the strongest. Facebook and Tesla…

NDX futures up decently…everything else a wee bit. INTC, AAPL, AMZN and a few others get the opening bump this morning…just on momentum. AAPL and FB report this week. AAPL announces going to use INTC chips so INTC up even though very extended.   Today continues end-of-month windiw dressing. Of course, it is illegal so…

In DC news, Paul Manafort and Richard Gates have been indicted by a federal grand jury. The ride begins. Looks like a bunch of financial crimes. As I always say…if you do the crime, be prepared to do the time. And as predicted, the media is breathless. They are hoping and praying these 2 have…