Decent Action

Dow: +35.54… Nasdaq: +24.11… S&P: +7.52… The SPX is back at all time highs again, short by about a point.  The Nasdaq is still fairly hideous and I’m thinking it will be less likely for Nasdaq to turn it around and go to the upside by year end, but you never know. The FANG stocks…

Continue reading →

Italy Is Free

It looks like Renzi has lost in Italy which  means Italy will now look to leave the European Union and follow Britain. I continue to believe that 2017 will be the beginning of more referendums to exit and will mark the beginning the end for the European Union. Parity with the greenback is coming for…

Continue reading →

Is Tech In Hell?

Look what the semiconductors did today. Ugly. A massive rejection at resistance. As a result, this helped the Nazzy take another shot to the bow of the boat today. Lately I feel like I’m tip toeing around land mines. Yes the Trump rally has been good, but only for certain areas. Things are starting to…

Continue reading →

OPEC and Energy On Watch

Dow: +23.70… Nasdaq: +11.11… S&P: +2.94… The markets floundered aimlessly today. The good news is that the Russell, after yesterday’s pullback, didn’t see a follow through to the downside. There are a lot of stocks that are pulling back a little, but that is normal after the move we’ve seen. Energy continues to have problems,…

Continue reading →

4 Setups

I hope everyone had a nice Thanksgiving and a  relaxing semi-long weekend.  I will have a video out over the next couple of days.  Tonight I’m adding 4 new long ideas to the P&L. DV -I’ve been watching this one for about a week now. It still has a robust short position with about 24…

Continue reading →

More Green

Dow: +67.18… Nasdaq: +17.49… S&P: +4.76. Quick post tonight. Carryover momentum from yesterday’s all-time high Crude oil pulls back amid OPEC concerns Positive bias in global markets Longer-dated bonds pull back Heavily-weighted health care underperforms Strong: Telecom Services, Real Estate, Consumer Discretionary, Consumer Staples, Industrials, Utilities Weak: Health Care, Energy The market ended the Tuesday…

Continue reading →