Newsletter

Good rebound off the 50 day average for dow,s&p,nasdaq and many names that are inside the indices. As long as yesterday’s and today’s support holds, we should be fine. We will give the market the benefit of the doubt until otherwise. Financials did the trick as they have led up and led down.  Worst areas…

Yesterday’s thoughts that the reversal would lead to some upside testing is now taking place. The key is the 50 day moving average which was tagged by the dow and s&p and almost tagged on the nasdaq.  Looks like we have held support right where it needed and right where the big money crowd defends…

After yesterday’s decent reversal, futures down but hardly down. Of vital importance yesterday: the Dow and S&P held on to their 50 day moving average. This is the first visit to this important area since November 7th and is quite normal to finally happen. There is nothing wrong with a pullback into it as long as…

Good day considering. We always like, at least for the near term, when markets are down big and finish well creating bullish tails. But leave no doubt, recent action has done a decent amount of damage to many chart patterns. So probably get some upside testing but not sure how much. Stay tuned! It is…

How silly of us not to mention the Dow and S&P pulled right into the 50 day…so maybe this is a place to hold for now. Readers of our reports know how important this area of support is. The Nasdaq pulled in just above the 50 day.

It is early but so far, excellent rebound off of early ugly.  Still plenty of red but a lot of early reversals. We will leave it at that and be back to you after the close. Let’s hope it holds.  

Futures are down about 120 Dow points. Nasdaq futures down about 25 points. As we scan pre-market, lots of yuck. But hey…gold is up! Remember, we alerted you that financials broke initial support. This is not necessarily a death knell but after a long run, quite overdue. We told you that due to the fact…

You may want to listen to Friday’s radio show from the 2 minute to the 20 minute mark. All my thoughts on what we just saw on the healthcare bill. https://ia801503.us.archive.org/13/items/170324.output/170324.output.mp3 Our thoughts: How does a political party win just about everything: the house, senate, white house, governorships and state legislatures and not able to…