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Good morning The gap up did not hold but the markets did manage to finish green on the day yesterday. We are looking at a red open in premarket as we approach a day of mourning and the market being closed for former President Bush. We should not be surprised by the move in equities since all we have seen is a pause..
Read MoreGood morning We had a very nice bounce yesterday after a more measured and dovish Powell gave his speech which the market interpreted as a bullish sign. Whether that continues through the end of the week and the close of November is yet to be determined. We have another barrage..
Read MoreGood morning We have a lot of economic data to absorb today along with a speech from the Fed Chair Powell. The Fed will likely be the focus along with the GDP number. Trade and China will continue to be a hot topic as we will likely see more rhetoric from
Read MoreGood morning Markets had a nice little snap back bounce yesterday but the follow through was difficult to come by. Throw in some comments from resident Trump about tariff increases on China products and AAPL Iphones and the market is set to open lower. I am fairly certain we all knew..
Read MoreGood morning After 2 brutal days we are getting a bit of a relief rally right near the October lows for several sectors and indexes. There is chatter that the Fed is likely to pause rate hikes as early as this upcoming Spring and that is giving the markets something to grasp onto for this bounce. I anticipate ..
Read MoreGood morning It has been said that hope is not a strategy for investing in and trading stocks. The hope I had for the markets this week is quickly fading as they are about to potentially test the recent October lows. There is still a chance that we could see a rally this week however the premarket action indicates that we are looking at another lower open. Sentiment has clearly changed in the markets and
Read MoreGood morning Equities have struggled and appear as though they could be heading for a potential retest of the recent October lows. Two things that could continue to drive market sentiment are the Fed which spoke last night and suggested the markets will have to get used ...
Read MoreGood morning Global growth is slowing and that is weighing heavy on equities. Germany and Japan reported weaker than anticipated economic data along with China as trade war concerns continue put pressure on equities and the global economy. Oil is down 12 straight days in a row and could be looking at a relief rally bounce in the near future. The Fed chair Powell will be speaking at an event late this afternoon and will be watched closely for..
Read MoreGood morning After a 600 point drop in the dow yesterday markets are bouncing slightly this morning. As I said in this weekends video there are many sectors and indexes that remain in the guilty till proven innocent category. It is still a time to tread carefully and be cautious which means adjusting your trade size and as always >being disciplined with your entries and with your stops.
Read MoreGood morning Impressive bounce in the markets after the results of the midterms. Today's focus will be on the Fed and its view on the economy. A rate hike is not expected today but it is the tone of the Fed and what is said today that could impact equities. The cannabis space was on fire
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