PRE MARKET

Guess the gap…up or down. Seems that is the m.o. now. What news is going to cause a gap to the upside? What news is going to cause a gap to the downside? This morning, nothing really news. We still have tariff issues. We still are hearing about Iran. Immigration is still a problem. But yesterday, we gap up. This morning, we gap down.

We think we may add anew rules. Buy on the worst down days, when everything is uncomfortable, when everyone is calling for the end of the world. The next day is sure to gap to the upside. When things look great, when things are being bought with a fervor, selllll!

Just a little sarcasm as we head into the weekend. The market is narrower but what is working still works well. SOFTWARE was the strength again yesterday. SEMIS the weakest on Huawei concerns. Always watch the SEMIS.