Newsletter

A nice little two gapper romp started the week off.  Except for the transports, all major indices are now above the 50 day BUT! We throw in the capitalized BUT because even though we had the move up, not a lot has changed. What was good is gooder…but was bad, stays bad. To start, we…

After 8 years of 0% interest rates…after printing of over $5 trillion over here…after negative interest rates around the globe…after printing another $15-20 trillion around the globe (depending on which abacus you are using)…after actually using printed money to buy up their own markets…after gargantuan, monstrous, monolithic, over-the-top, cannot even be counted deficit spending…we just…

Lots of jello moving on the plate! Futures up a wee bit. Gaps to upside of decent size: UCTT, TER. MKSI, NOW, UAA, PYPL, EXAS, INTU, XLNX…there are a few smaller gaps in ALSN, MGM, CAVM, BMY, RTN To the downside: MLNX, FFIV, AMGN, ORLY, BWLD, CMPR, FTI, LUV. AAL, NTGR, CTB, EFX, ETH. In…

Wouldn’t get twisted that the market sold off late in the day it is just overbought and needs rest.  The financials (which are not leaders) seem tired into resistance .Whether or not market rests is another story. The big story is the great reactions to earnings in many names like TMO, ANTM, IRBT and WYNN….

—–Don’t you love how the left and the media are now all of a sudden worried about whether the tax cuts will cause more debt going forward? They did not give a crap as Obama won the championship belt on debt with $9 trillion during his tenure. Didn’t remember them asking whether the $800 billion…

US Steel croaks!