More Tariffs Equal Selloff

• After a great Wednesday in the market, Trump announced more tariffs on Canada, Mexico and Europe and the market reacted Thursday. Boeing was sold off as was some others that have risen quite a bit over the past week. I would expect them to rebound Friday as they realize the tariff talk is just talk.
• Alphabet (GOOGL) took off while everything else was down. The tech sector did was mixed today, but Alphabet was the big winner as once it past 1100, it touched 1098 twice. What was really interesting was how it took off when everything else was down and when the market would come up some, Alphabet would go higher. Typically 2pm shows a peak in the momentum direction. It was a dipping pont for Alphabet as it went back up with the market in the last couple of hours of the market.
• Facebook (FB) was up nicely on Thursday as they held an investors conference. Jim Crammer of CNBC's Mad Money made a nice point today how the European new privacy rules will probably affect smaller websites more than huge web marketers like Googe and Facebook.
• General Motors (GM) had a nice pop to the upside today as they are teaming up with Waymo in autonomus driving. Jim Crammer pointed out that until today GM was the most undervalued stock in the S&P. I might believe that GM is going to benefit by Ford (F) reducing their automobile line up, however Ford is making a shift for more profitability and I would not count them out in their new auto lineup. I am sure Ford will produce the most economical vehicles and their stock will take off in the long run. Buy and reinvest your dividends as you will be very happy by 2020.

Profitable Wednesday Marketmakers

• Everything was over sold on Tuesday. Especially the banks as JP Morgan was in the 105 area and if you bought Call Options on almost anything (except Apple) you would be very happy when you sold to take profits around 3pm. Oil had a nice pop too as it too was over sold and the oil sector was nice today. I saw Halliburton was over sold as it dipped to 48 on Tuesday.
• Apple received a downgrade this morning with doubt that the service revenue would keep up. I am not an Apple lover, but this news is fake!
• Boeing took off as it was way over sold on Tuesday but held above 350. Buying Call Options by 10am in Boeing would have been nice a couple of hours later.
• Alphabet (GOOGL) dropped sharply on Tuesday, looked like it was taking off early before falling back down to slightly below where it closed yesterday. If you bought Call Options at 10am, you could have sold them just after noon for a nice profit. Google then dropped and took off again by 2:30pm to 3pm and then again at 3:50pm. 
• NOTABLE: I saw Tesla in the news again this morning as one of their vehicles in auto piolet hit a parked police car. I thought this would for sure send the stock lower today. Tesla took off to the upside as Consumer Reports gave an upbeat report on Tesla's improved braking.
• TRADING TREND: Google has demonstrated a pattern over the past 3 weeks to go up in the first 20-30 minutes of trading on Monday and Tuesday only to drop for the rest of the day. Wednesday's have started higher, fallen back to the opening price by 10am only to take off to higher levels for the rest of the day. It does appear to peak around noon.
• MARKET TREND: Thursday's have started off going down for the first couple of hours due to tariff or other political news only to reverse direction by noon if not 11am. I would expect more of the same tomorrow as it was announced after market close that the tariffs were going to be enforced for European countries. I don't know how this changed from Asia to Europe, but I guess we will see what happens in the morning.

Tuesday Selloff... Again!!!

• Everything opened down and went further. Oil dropped sharply due to more barrels being released across the world. Interest rates dropped sharply due to overseas risk specifically in Italy and therefore bank stocks dropped sharply. 
• Netflix hit an all time high today despite still dropping some during the day. 
• Home Depot dropped below 185 and I would see this as being a great buy for Call Options on Wednesday morning. Walmart also appears to be bouncing off 81.
• Other than that, it was a little boring day. The trend appears to be sell off from Monday highs and continue through Tuesday. Since Monday was Memorial Day, we had more selling to do to catch up with the world on Tuesday. Wednesday should be a great turn around day as we are the United State of America, not Italy!

Investing in the Ups and Downs This Week

• Interest rates and oil hit highs at the beginning of the week only to drop by the end of the week. Bank and Energy stocks rose and fell the same way this week. They should have a nice bounce starting on Tuesday.
• Boeing hit 365 on Monday afternoon and fell back to 351 on Wednesday where it bounced to 359 and finished the week there.
• Wednesday and Thursday looked very similar. Morning drops were reversed from noon on. Wednesday news was from the Federal Reserve and Thursday was from President Trump and the tariff front.
• Netflix (NFLX) was a huge success once it was announced they will have a special on former President Obama. It shot up on Wednesday and Thursday and ran out of steam on Friday while still finishing higher. I would expect it to hit 375 by the middle of the week before coming back.
• Home Depot (HD) came down on Monday and Tuesday and bounced off 175 to go higher, but it didn't run away. It appears that it has a new level to bounce off at 175 as Walmart bounces off 82. Walmart is a hold for me as the further it goes down, the more valuable the dividend becomes. I feel Walmart is one of the only companies in the US that is using the tax break to get bigger rather than wasting it on stock buy backs. Walmart is a growth story that will be written about in the next 5 years.
• Best Buy (BBY) beat their earnings report but gave a poor outlook and disappointing online sales. It fell from 79 to finish the week at 68. I think it was over sold and would expect a nice bounce next week to 75.
• L Brands (LB) also beat on their earnings report and it sold off in the after hours due to dialing back earning expectation, but they still expect to earn around 10% for the year. I picked up 100 shares in the after hour session for 32.06 and it opened there on Thursday then took off to over 35. The dividend is strong and it will stay in the portfolio and will sell call options after it settles.
• I used L Brands to replace Roku (ROKU) in the portfolio because the Roku didn't have much movement and doesn't have a dividend. So I sold a 35 strike price call against it when it was at 34 on Wednesday. It was announced on Thursday a huge short seller is now long in Roku so it blew threw almost to 39 by the end of the week. 

Tuesday Selloff

• Auto stocks were up (except Tesla) on news that China was going to lower tariffs on imports. Who knows if they will stick?
• Banks were up when everyone else was down from the vote on the restrictions removed from the financial crisis of 2008.
• Everything else started higher and ended lower. Home Depot (HD) moved down quickly as it was announced that the CEO of JC Penny's is leaving to become the CEO of Lowe's who reports earnings tomorrow morning. I see this will create further opportunity for Home Depot after Lowe's earnings is reported. I would expect Home Depot to go further down and reverse course Wednesday around noon.
• Boeing moved down further due to the trade talks or just cooling down. Either way I thought it moved too fast last week and Monday. I would expect it to go further down on Wednesday and change direction around noon also.
• Micron (MU) moved up yesterday and further after the market close on Monday. It held on to the gains while Nvidia went further down on Tuesday.

Market Boom with No Trade War

• Over the weekend it appears that the tariffs may or may not go into effect. Whatever the news the market loved it on Monday. Boeing was the biggest beneficiary on Monday moving within 6 of it's all-time high established earlier this year. 
• Google was the focus of Sunday's 60 Minutes edition claiming to have a monopoly on search. Investors ran Google's parent company Alphabet in early trading. Most of technology stocks were up with the exception to Nvidia and Roku. 
• Tuesday should bring more of the same. The market will probably start up and have a sell off to break even for the day.

Friday Market News

• Since 2pm on Wednesday, Boeing (BA) and Tesla (TSLA) have moved in almost exact opposites according to their charts. Thursday and Friday, Tesla was down and Boeing was up. Tesla appears to hit a level of resistance to the downside Friday at 275 and Boeing is at a level that I have seen it stumble on this year. I wouldn't be surprised if both continued in their direction on Monday and reverse course on Tuesday.
• Alphabet (GOOGL) dropped prior to the market opening on Friday due to old news that Google may face monopolizing claims based on their shopping results. Sounds like garbage to me and according to the charts, it was due to come down. I would expect it to start down on Monday, hit a level of resistance around 1060 and take off to the upside for the remainder of the week. 
• The banks came down further on Friday, Walmart was nearly unchanged, but Home Depot had its regular Friday run. Trump tried to blast Amazon again with a Tweet to say that he recommends the post office to double shipping rates for Amazon. I wish they would double the rates on businesses mailing crap post cards and Discover with their crap credit card offers of 3 to 4 a week.
• What should we expect for next week? Higher interest rates? Higher oil? More tarrif talks? Korea issues? There are enough issues in the world that you can pick a number of reasons why the market might react in a negative way. Ultimately, the market is based on earnings and cream will rise to the top.