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" Money is made by conservative trading rather than by the effort to get large profits by taking large risks." Charles Dow Good morning We have a big day for economic data that will be released @ 8:30 ET an hour before the market opens and it it will likely set the tone for equities today.We have a long weekend ahead and if we do not get some type of positive catalyst from all the data today we could be looking at a rough end of month. We could see a test of the recent February lows and we may even break below them intra day. Where we close on Thursday will be important as we close out the quarter. If we can manage to close at or above the recent lows it may give the bulls..
Read More"The markets are unforgiving, and emotional trading always results in losses." Alexander Elder Good morning Equities are gapping higher off of statements from China's Premier saying "China is willing to open its door wider; says there is no winner in a trade war with the US." Apparently there have been some back room discussions going on and there seems to be a desire to try and come to a mutually beneficial agreement between the two countries. That is welcomed news form the global markets and while we may not ..
Read MoreIt has been a busy week with a rate hike form the new Fed chair, more shakeups in the Trump administration with the exit H. R. McMaster national security advisor, and the introduction of new tariffs aimed at China. China has responded with is own threat to take measures against 128 U.S. Products in two stages as well as threatening legal action through the World Trade Organization. Fears of a full scale trade war are a genuine concern for Wall street and the equities markets are...
Read More“Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.“ –Michael Steinhardt Good morning We are looking at a lower open as the markets are digesting the Fed rate hike and comments from new Fed Chair Powell. Fears of a trade war being kicked off with todays announcement of of as much 60 billion in China tariffs @ 12:30 ET today could also be weighing on equities. In other news, the government avoided another shutdown by putting together a tiny 1.3 TRILLION dollar spending bill that will keep it running through October. With oil hitting a new 7 week high I really like..
Read More“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” Peter Lynch Good morning We have the Fed announcement today and this can be a tricky trading day. There is often a head fake move directly after the announcement while the statement gets analyzed, absorbed and eventually interpreted into what it might mean for the economy and equities. We are likely looking at the first interest rate increase from out new Fed chairman Powell but the focus will be on potential inflationary pressures and the pace of further rate increases. Keep an eye on
Read MoreGood morning The Fed meeting starts today but we will not get an announcement until tomorrow. Equities are up slightly in premarket but we are likely going to see more choppy action as we await the fed statement tomorrow.
Read More"Know what you own, and know why you own it." - Peter Lynch Always do your homework before making a decision. Re-evaluate your portfolio regularly. Make sure the thesis still makes sense and if it doesn't > make the necessary changes and move on. Good morning Equities are basically flat in pre-market with the dollar and oil up just a tad and gold slightly lower. Crypto currencies continue to get slammed and are testing recent lows. We have four economic data reports due out at 8:30 a.m. ET.Jobless claims , February import prices, Empire State Manufacturing Index data as well as the March Philadelphia Fed Index data. These could set the tone for the markets today. We have a few retailers that have reported better than expected numbers and could give the sector a little boost today. WSM TLRD SHLD SMRT
Read MoreGood morning We are looking at a slightly higher open in equities, oil and the dollar with gold down slightly. We have two reports due out later this morning that could impact the markets with PPI and retail sales. Retail sales came in a bit lite PPI came in as expected with little sign of inflation in the data.
Read MoreGood morning Equities are up slightly ahead of some CPI numbers today which are likely to be a non event but if they come in hot it could spook those that are looking for over heating inflation indicators. We could see more consolidation as we absorb the recent move higher in the markets. Oil is up slightly in premarket and the energy space is one I think we want to keep an eye on as there are a lot of good looking technical setups in the space. CPI data just came in ...
Read More"If you cannot control your emotions, you cannot control your money." Warren Buffet Good morning Equities are up slightly in premarket. Details of the proposed steel tariffs indicated that Mexico and Canada could be excluded and the markets rallied when those details were released yesterday. We should have the final details of the tariff either today or tomorrow. We could be in for a wild ride depending on what the ACTUAL details are.
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