KFTX Wave the white flag. Surrender. Quit. Give up. Stocks can never go down so why even bother writing, or warning, they will? It seems that no matter what happens from terrorist attacks to political uncertainty

NOTHING upsets the markets. Of course any and all long time traders know when you think like that it

IS

the top. Only one other thing can cement the top of a market.........

GO LONG

(scream & sweat). Of course the robots and quants are

NOT

long time traders and they don't know what down means. So, up we go......almost daily. Optimism rules and looking down is for fools. (sarcasm) New home sales missed badly today and are now considered getting weak. Other economic news was mixed

BUT

the real news is interest rates. The 10 year treasury ticked down sending the yield up to 2.9%. Big jump out of the blue. Nothing looks like a 3% GDP growth rate is on the horizon. But, the "Trump Bump" is still in effect.

On the fintech side, the KBW NASDAQ fintech index (KFTX) worked higher to another new all time high (1166.79) so money is still moving into the fintech sector. Of course the FAANG gang is still getting "robo money" in the overall tech group.

So, I can't tell you be cautious, or worry, or be defensive because it just makes the averages go higher. I'll just be happy and optimistic (or drugged) and always see new highs forever. Now, how much would anyone pay to let them know

I WENT LONG?

(loud scream)

Have a super evening.