Given the abbreviated holiday week, this weekend’s edition will be shorter than usual.  We have fewer bullet points…and the points themselves are shorter…….We’ll be back to the regular format next week.  Enjoy the rest of your weekend!


Table of Contents:

1)  Earnings forecasts need to improve dramatically to justify this rally in the stock market.

2)  Tech earnings need to broaden out significantly.  That said, a lot of Mag 7 stocks still look good on the charts.

3)  Updating the charts on the NDX Nasdaq 100, the S&P 500, and the Russell 2000.

4)  The U.S. 10yr yield stands at a critical level on the technical side of things.

5)  Watch out (on several fronts) if Bitcoin doesn’t bounce back immediately.

6)  Copper looks to be back on track. 

7)  Potpourri…..China’s stock market is looking dicey all of a sudden.

8)  Summary of our current stance.


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