Newsletter

Futures up…but do not forget financials. Good ADP number. DE paying cash for someone…lots of bucks…DE up 3%. PANW, CIEN gapping up. WYNN also up on Macau numbers. Would rather see weaker opens and stronger closes…but take what we can get.

The major indices, by the close, ignored the carnage in the big financials. This is good news. As we have harped on, almost 50% of the market not participating and now we get many financials taking another leg down. This is to be kept in the file manager and remembered. BUT…WE CONTINUE TO SEE VERY…

Market is now indeed breaking the support of the financials. It is early in the day where one can hope for a reversal but as of this second…UGLY!

ENERGY/OIL&GAS smoked again on lower oil prices. AGAIN…AVOID ALL NEW COMMITMENTS TO ANYTHING IN THIS AREA AS ITS BEAR MARKET GAINS TEETH. We have seen nothing to tell is the end ofthe ugly is at hand. Go take a gander at the OIH, XLE, XOP. Polar opposite of thesemis/internet/tech!

NDX futures up decently. S&P not as much. ADI big mover off of numbers. Another semiconductor name to the upside. KORS to the downside. Another retail/apparel name to the downside. Trump leaving Paris climate deal. The dude is going to piss off almost every country on this earth before it is over. Not saying it…

Greetings. Remains a tale of two cities in this market and it is imperative you pay attention as bull and bear sit side by side. To be repetitive: We would continue to avoid new commitments to: Energy, oil&gas, most commodity names, big retail, many REITs, Transports, small cap vs big cap, big telcom, drug stores,…

Hope you had a good holiday. We had a wonderful trip to Normandy and the D-DAY beaches and sights for Memorial Day. Advice…PUT IT ON YOUR BUCKET LIST. Was especially moved and in tears at the American Cemetary. My goodness. The inspiration for Saving Private Ryan (NILAND BROTHERS are buried there.) Also, read up abut…

Greetings from Paris as we head for Normandy today. Will be touring the D-DAY sights on Memorial Day. Cannot wait for this. Of course, left my cell phone in an Uber and still not recovered. Not much has changed. The good get gooder…the bad get badder, simple as that. Amazingly, even with major indices at…