Holy s–t. That will be the 1st and only time we use that word here. CHINA stocks again. Up 5% and in some cases, 10%. So the redwoods have the Eiffel Tower on top of them that have the Seattle Space Needle on top of the tower. This is not meme stocks. This is the 2nd largest country in GDP. This tells you just how much the government is injecting. FUTU up 100% in 9 days.

Climactic runs usually come AFTER a long bull market that goes vertical. This move has gone vertical from the get go of the move. The reversal 2 days ago was just a nothing. If this goes climactic near term, there will be a great shorting opportunity but it would be an intraday play because who wants to wake up to the next morning’s move. Today is another opportunity for this. Not predicting. Just outlining.

DOW down 100+. NDX not even 0.2% but them semis ugly yesterday and some big names like AAPL, MSFT and others really came in. We are grateful that META and SPOT performed yesterday in the face of distribution but today is another day.

OIL up another $2 and must wonder about Iran’s oil platforms. We think the market may be considering that outcome. GLD small pullback. S&P pulling back some more this morning. YIELDS up a wee bit.

Fewer and fewer working. More and more in trouble. Worst stuff (our left screen) worsening.

So far, not a biggie. WE ARE FOCUSED ON THE STRENGTH AS THEY PULL BACK. We’ll be watching support/moving average areas. In other cases like the utility/AI stuff like CEG, NRG, VST…may be coming out of flag patterns…an outlier.

NKE coughs one up. Been in bear for a while. HUM crashed yesterday and down a whopping $60 pre market affecting other managed care. Important UNH in the DOW goes the other way up $7 pre-market…guess they benefit from other’s misery. DOW would be worse if not for UNH.

WOW to CHINA!