The Closing Look

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Stocks were relatively quiet on Tuesday and closed higher as oil prices jumped 5% on renewed hope OPEC will cut production. Elsewhere, shipping stocks soared and the Nasdaq bounced back after lagging hard since the election.

Gary’s Thoughts:  Only one thing wrong…massive frothy action in money losing, almost bankrupt shipping stocks, some that did massive massive reverse splits. Probably more upside but dont be last one in. Watching oils here as a bunch set up in bases on the first decnt up day in oil prices.

CHART OF THE DAY- HERE’S ONE LEADER THAT DIDN’T CRACK!

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aaaaaaa

NVDIA reports accelerated numbers and ramps. There has been a ton of others that have cracked. This stands by itself.

‘Hard’ Brexit most likely outcome for UK leaving EU, says S&P

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http://www.reuters.com/article/us-britain-eu-ratings-idUSKBN136115

Trump Beats Clinton in Stunning Upset of Establishment

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http://www.bloomberg.com/politics/articles/2016-11-09/trump-defeats-clinton-in-stunning-upset-that-rocks-markets

Smooth Sailing: Puerto Rico to Get a Boost This Cruise Season @FoxBusiness

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http://www.foxbusiness.com/features/2016/09/29/smooth-sailing-puerto-rico-to-get-boost-this-cruise-season.html

Fmr. SEC Chair Pitt Rips Fed Over Economy @FoxBusiness

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http://www.foxbusiness.com/markets/2016/08/16/fmr-sec-chair-pitt-rips-fed-says-low-rates-are-bad-for-economy.html

El-Erian Says Fed Risks ‘Collateral Damage’ by Keeping Rates Low

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http://www.bloomberg.com/news/articles/2016-07-26/el-erian-says-fed-risks-collateral-damage-by-keeping-rates-low

Peebles on Skipping DNC: I’m Not Dissing the Entire Democratic Party @FoxBusiness

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http://www.foxbusiness.com/politics/2016/07/26/peebles-on-skipping-dnc-im-not-dissing-entire-democratic-party.html

The Closing Look

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Stocks were quiet on Friday as investors digested the strong post brexit rally and the latest round of economic and earnings data.
Gary’s Thoughts: No complaints and certainly no sellers just yet. Earnings are not very good but beat the number is at hand.