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Good morning Welcome to Washington gridlock... The markets seem pleased with the election results and a split of the house and senate between the two parties which indicates nothing will get done for the next two years
Read MoreGood morning It is election day and it could be another fairly choppy day for equities until we get the final results tomorrow. I only have a few stocks on my radar this morning
Read MoreGood morning Thank goodness October is over and it actually ended on a fairly positive note. Lets see if November can give us some follow trough in equities as earnings season starts to wind down. In the next few weeks we will get through the mid term elections, President Trump will hopefully meet With President Xi and potentially deescalate the trade war and maybe the Fed will lighten the tone on rate hikes. If all those things
Read MoreGood morning October will be over today and that could be a good thing for equities. There were a couple of sectors that caught my attention yesterday with potentially bullish reversal engulfing candles. I mentioned this weekend that I would be watching the sectors that started dropping first when this correction began. XHB and XLB both had strong reversal candles yesterday along with the IWM. I am not suggesting that this correction is over but if we can get some follow we may be looking at the start of a snap
Read MoreGood morning Earnings season has been a dud as we are about to close out a horrible October for equities. The market has been unable to hold any type of bounce. Just about every sector you look at is technically broken. There is no doubt in my mind that there will be some tremendous opportunities in beaten down stocks when this correction is over I just can't tell you when it will end. This is the time to continue building that wish
Read MoreGood morning Weak earnings and guidance from Amazon is putting some pressure on equities this morning. After yesterdays bounce we are looking at a very weak open. The caution flag remains raised for equities and the volatility and bearish ETF's should continue to be on your radar for short term trading opportunities. Gold ...
Read MoreGood morning As I go through all of the indexes and sectors it is clear that the damage that has been done technically is rather significant and it seems as though every bounce is now being met with heavy selling. Concerns about "peak earnings", Italy. Brexit, Trade wars, midterm elections, rising rates and an overly aggressive Fed are weighing heavy ..
Read MoreGood morning Earnings appear to be coming in strong but the guidance has been mixed. Big name earnings continue before the market open and after the close with $T $BA $UPS this morning and $MSFT $TSLA $AMD $V after the close. The dollar continues to strengthen as oil has been pulling back. Volatility is still..
Read MoreGood morning Overseas equities markets tanked overnight with geopolitical, and economic concerns creating some genuine fear in the markets. We are currently looking at a gap lower for U.S. equities. I hate gap days in either direction but I prefer gap down days for potential bounce play opportunities. Gold is getting a bounce in premarket as a potential safety trade and the volatility and bear ETF's are also gapping. We have some big ..
Read MoreGood morning China low float material names took off yesterday on the heels of a stock that tends to be a typical pop and flopper, YECO which had an amazing run yesterday trapping shorts and it could continue today. Spec money rotated out of the cannabis space and into low float China garbage. It is difficult to play in these types of plays when they are just straight up. These will end badly but no one knows...
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