PRE MARKET

To state the obvious facts, for the past 3 weeks, groups like semis, China ADRs, tech, internet have been en fuego. Normally, you get ebb and flow, which means pullbacks and rallies. This is the definition of persistence that does not allow entry. On top of that, it is all occurring pre-earnings reports.

We have seen this before and to be blunt, it can last in spite of calls it can’t. So just follow price…which will always dictate. Just know when earnings are coming out for names you own or names you are looking at.

Futures up with NDX futures up better.

Also need to make note to put commodities on your screen. Seeing steel, metals/mining showing up. Keep in mind, they are commodities, all based on price of the underlying commodity.