SOUNDING OFF ON LIKES

We like:

The BIG BANKS are breaking out to new highs today. Big banks quite important.

OIL PRICES look to be breaking down…or close to it.

LONG YIELDS continue to behave and are starting to top again after bouncing.

Fundamentally, we never argue with lower energy prices and the lower cost of capital.

New areas are not only bouncing but getting juice. HEALTHCARE of many stripes are coming on strong. PPH and XLV ETFs getting going.

Comatose areas are coming on in INSURANCE, TRANSPORTS, COMMODITIES.

NO SALES froth is getting kicked in the teeth. Too much froth is not a good thing. We are glad they are going by the wayside.

FOREIGN markets that were correcting are now coming on again.

The DOW into new highs. This thrills us less but still important as the highest priced names on the move especially GOLDMAN that is 20x more important than a VERIZON in the DOW.

And of course, the big indices continue to hold and bounce off the vital 50 day moving average.

The Giants finally fired an ineffective coach. We’re never thrilled with anyone losing a job but we hear he will make millions the next couple of years.

For sure, there are things we are not thrilled with like crypto that is slowly croaking but will keep it positive for today.