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Good morning All it takes is one rotten Apple to ruin the whole bunch of stocks. After another impressive turnaround day in equities the markets were taken by surprise with a significant cut in rev and earnings expectations that sent futures into a tail spin. The culprit appears to be China who is experiencing their own economic
Read MoreGood morning and Happy New Year Welcome to 2019 I wish you all a very prosperous, happy and healthy new year ahead. Santa Clause has left the building and the rally has appeared to go with him as we are looking at a gap down in equities off of some weak economic data out of China. With the
Read MoreGood morning Well yesterday we had that highly anticipated oversold bounce and it was one for the history books as the DOW bounced for a 1000 point gain on the day. It was nice to see but this does not mean that the all clear has been given to have us start piling into stocks. Oil and gas , retail, semiconductors, tech, small caps, biotech, nearly every sector was higher
Read MoreGood morning I hope you had a wonderful Christmas Holiday. After going through some charts it is my opinion that we are getting very close to a potential oversold rip your face off rally. It could happen this week or ...
Read MoreGood morning The Fed had all the stars aligned to give investors a Santa Clause rally and unfortunately he failed to deliver. The Feds decision to raise rates and more importantly the tone and direction for the path forward disappointed the street and sent equities lower after they were trading up prior to the announcement. The S&P 500 broke and closed below the 2532 February low which was a big
Read MoreGood morning The near term fate of equities lie in the the hands of one man. The set up is almost exactly how I imagined it may play out. After two wild volatile days in the markets we now have the S&P 500 sitting just a few points away from October lows after testing it once on Monday and again on Tuesday. Fed chair Powell is going to be tested by the markets today as he is set announce the rate hike decision and provide a view of the path forward. There has been a lot of vocal opposition ...
Read MoreGood morning Markets held their gains yesterday and we are looking at another slightly positive open this morning. Perceptions that China and the US are making progress on trade issues seems to be giving equities a lift. The messy Brexit concerns seem to be subsided for the moment even though there does not appear ...
Read MoreGood morning Yesterday was a disappointing day as equities opened higher and spent the day fading to close out in the red. We are looking at another gap up day this morning and we will have to see if the action today becomes a repeat of yesterday. The Cannabis space is still one to keep a close eye on as the farm bill is supposedly close to being passed.
Read MoreGood morning Equities started the week off looking like there was going to be real blood in the streets as the fear indicator started rising looking like panic was just around the corned. It was beginning to look like a real capitulation move. Then, we had a reversal mid day and it accelerated into the close with the NASDAQ actually closing green on the day. This action put in what could be considered a nice reversal candle in several indexes..
Read MoreGood morning It has been a wild week and we may close out the week with another wild ride. We have several things that could move the markets today with the first being the jobs report being released @ 8:30 ET. Economists and analysts will be looking at the unemployment rate (which is anticipated to remain somewhat flat) and signs of potential wage inflation. If either of those data points surprise ..
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