SOUNDING OFF ON EMERGING AND SUBMERGING

We salute all veterans.

We doubly salute all veterans.

We triply salute all veterans.

We have been of the belief that our veterans are not revered enough.

Emerging:

Quietly…OILS even though oil prices have ticked up minor league.

Drugs/pharma really coming on. The PPH breaks out but keep in mind LLY is 24% of that etf but it counts.

Other healthcare in the XLV.

BIG BIOTECH really starting to come on now and lead.

Better tone but not that great in staples, insurance and other lower beta, value areas.

BIG BANKS that have done nothing wrong. Just sitting above the 50 day. Watching to see if they break out to the upside. Would suggest odds favor.

The DOW-types…on a relative basis.

We know. Not so exciting but hey, on the move.

Submerging:

As we predicted the eventuality, the bubbles of the NO SALES stuff are being blasted. 50%+ drops in the past few weeks in QUANTUM, RARE EARTH, NUCLEAR, DRONES, ROBO-STUFF. Remember we told you that we found one with NO SALES trading at a $25 billion market cap and another nuclear name that has traded for 25 years with NO SALES. How does any entity trade on the market for 25 years with no sales?

The fact that many leaders in the Dem party are pissed off the government is now going to open, can we all now agree who shut down the government?

Not submerging but certainly on watch because how far and how concentrated. Some names like ORCL and META are already goners. Stay tuned on the most concentrated tech environment of all time.