PRE MARKET

Futures were up but now flattish because of an explosion at Port Authority which looks like a bombing attempt.

Market action remains in fine shape. We do make note of two things.

We continue to believe you avoid the SEMIS…which were leading for quite a while. The same goes for a long list of growth names. Anything that breaks the 50 day should be up for review.

On the other end, start paying attention to BIOTECH as there is a decent chance they are turning up. Also, STEEL is emerging and would have that group on the screen.

Other than that, just still waiting for some normal corrections so we can see the real strength. But it is December…and it remains a QE market.

As far as BITCOIN, we will have an opinion piece on it this week. But you know our thoughts. It can go higher for longer than anyone believes…JUST DO NOT BE THE LAST ONE IN. More this week. Technically, the price of BITCOIN is almost 100% higher than its 50 day moving average.