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5.31.2018 - Insider Bookmark

5.31.2018

Good morning all, welcome to another day in a Holiday shortened week.

It's been a crazy week so far. Huge down day Tuesday, big up day Wednesday.  So what does today bring us?

Well, the futures are relatively flat this morning. Like so many days, they've improved since 6 am, and now at 8:15 we see the DOW up a couple, the S&P up 1.

I have to figure that we'll see a few more points added to the pot this morning, as they certainly went all in trying to save this thing from rolling over.  With the small caps putting in an all time high, they'll try and use that to pull the rest of the market higher.

There's been a bit of buzz over GM, as Japan's softbank is investing over 2 billion in their autonomous car venture.

Frankly, I'm too old. I don't want a car that drives for me. Hell, I don't even much like being a passenger when someone else drives. But again, I'm old.

I picked up some QQQ yesterday, taking 200 shares at 170.04.

Is there anything else that I want to add out there?

ATHM looks interesting. It broke out yesterday, so lets see if it takes a little dip this am, and then surges again.

CERS is  looking attractive here. It ran up to the 7 dollar level in early May and has been consolidating sideways ever since.  A move over 6.80 could set this one free.

The IBB is the biotech ETF, and it's been trying to make a move lately. Yesterday it did pretty well, and "could" be setting the stage for more. So we'll watch that.

As much as I'm not a big fan of facebook, it is cruched right up against a resistance that it failed at back in early May. We'll need to see if it makes it through.

So, there's things to watch, and as long as we don't get any goofy news out of Italy, we "should" see them try for a few more points.

Let's chat at 10:40 and see where we are. 

5.18.2018 - Insider Bookmark

5.18.2018

Morning all, and yes, another Friday is upon us.  One day I guess I'll stop marvelling at how fast these weeks are rolling by. 

Financial Intelligence Report - 11.8.2015 Bookmark

Jobs For Who?

On Friday we got the non farm payroll report. Estimates were for a gain of 183,000 jobs. But when the number hit we didn’t print 183K jobs, we printed 271,000 blowing away even the most bullish estimates. Inside the report it was all rainbows and unicorns. We saw the unemployment rate fall to 5%, and we see wages rose an astounding 2.5%.  A better report you simply couldn’t make up!!  In fact that’s true, because they made this one up, and it was the best they could do.

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