Blog
Good morning The Fed announcement has come and gone without a lot of reaction from the equity markets. However, it appears as though the Fed plans to continue with its steady increase in rate hikes which could weigh on markets in the future. Many sectors and indexes remain in the guilty till proven innocent camp until we get some better looking technicals. Be careful in the cannabis..
Read MoreGood morning Even with a disappointing guide from AAPL equity futures are up slightly in premarket. As of now, the bounce we have seen this week after the horrendous October appears it may have some sustainability. The positive tweet from...
Read MoreGood morning The caution flag has been out for the Alpha Wolf members for weeks and it does not look as though that is likely to change soon. Even though earnings were strong from several companies this week. Equities continue to struggle and the bearish sentiment seems to be ...
Read MoreGood morning Equities have been hit hard this week and we have done some significant technical damage. Volatility is high as the fear index indicates that there is some genuine concern out there. It is extremely important not to panic in times like these.
Read MoreGood morning We close out the month and the quarter today and in pre market equities are slightly lower. We had a tremendous amount of data this week along with the Fed announcement to absorb. We have another data set today that could impact equities with personal spending,.......
Read MoreGood morning The cannabis space has continued to be impressive with some new movers like NBEV yesterday. This could continue with money rotating from one pot name to another. Like I said in yesterdays blog post, at some point this will likely end badly but as long as you play them...
Read MoreGood morning The huge run in the cannabis sector may be coming to an end. We have seen this movie before and know how it ends so be very careful if you are still playing in the space. There is likely going to be some increased volatility which can provide some quick scalp action but the long play is looking tired.
Read MoreGood morning It is Friday before a long holiday weekend so it could be a very low volume day. Equities are lower in premarket following through on yesterdays weakness caused by fears of the Trade war with China potentially escalating after new chatter from Trump that he..
Read MoreGood morning There wasn't any break through or resolution in the China trade talks which, I don't think is a big surprise to anyone. Fed Chair Jerome Powell speaks at Jackson Hole today and that may give the street a better feel for where the Fed sees rates going, the overall health of the economy and inflation expectations. Equities are up slightly in premarket along with oil and gold while the dollar is slightly lower.
Read MoreGood morning Mixed earnings from NVDA and DE could weigh on equities this morning after yesterdays nice bounce. Even with that nice bounce the NASDAQ is still looking at being lower for the week. Equities have been a bit choppy without a lot of follow through. In previous blog posts I mentioned ..
Read More