Early thoughts!

Lots of jello moving on plate today.

Best advice…all the areas that spiked on Trump victory are about as extended as could be. Doesn’t mean they don’t just rocket higher but gravity should take over and have them pulling in.

Oil prices continue plunge as oil stocks continue the ugly. Ditto for Gold/silver.

Biotech was very bearish before the Trump victory…and spiked because of the victory. Not sure this group holds the move…but we’ll see.

Big growth/NDX/NASDAQ continue to go through the meat grinder. Don’t ask why. Just know they remain under serious distribution at ever lower prices. Sure…they will bounce but feels like major top is in.

Grubhub’s market cap, as we write this,  is off about $120 million. We have a term for a dictator CEO who tells people who disagree to just resign…but we cannot print it here.

Acknowledge all the veterans that you know today!