Focus still on Tech

“Without numbers, there are no odds and no probabilities; without odds and probabilities, the only way to deal with risk is to appeal to the gods and the fates. Without numbers, risk is wholly a matter of gut.” – Peter L. Bernstein
Will try and post a morning call tomorrow, will keep it short and simple today.
As discussed once again in our weekly outlook video, our focus has been and remains on tech. The bears manage to inflict some decent damage to a lot of the names… still just a flesh wound but with clear potential to accelerate to the downside in an aggressive manner. As far as the other indices are concerned, it’s all about the negative daily closes, if the highs hold, the Trump/Tax run could be done in the buy the rumor sell the news scenario we have been discussing.
Furthermore, staying with the buy the rumor sell the news theme; don’t forget to keep an eye on CL.
Make sure you keep an eye on URA this week as it is starting to look more and more constructive.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

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