Newsletter

Holiday seasonality in force!

As we stated, this week contains a positive seasonal bias. So far…so good. The market was much better than the Dow yesterday and will never

A word to the wise!

Firstly, the small caps are again underperforming with the Russell 2000 rolling over. As we have told you, market is waaaaay overdue after the easy

No sellers!

Bottom line, there just continues to be very little in the way of selling leading to a grind higher. Markets remain stretched and extended to

What is not working!

Japan in deep recession…market has one down day after soaring…and right back up. Much of Europe is blah but markets rally up. You know the

About ready to correct?

After an outlier “V” shaped move up, we are starting to feel that signs of a pullback are close at hand. We are not suggesting

No changes!

Wish we had something new to say but Wednesday’s action simply more of the same. A good down open did not last…and the NASDAQ leads