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Good morning Equities are gapping up this morning as we close out what was generally speaking a good week for earnings results and guidance. Oil is pulling back slightly along with gold while the dollar is showing a little strength in pre market. The markets appear to be getting an additional boost from the results of senate....
Read MoreGood morning We get core CPI data this morning which could shed some light on any potential inflationary pressures for the longer term. Financial stocks remain in focus for wall street as more earnings roll in this morning from BAC and WFC. Equities are slightly higher as the bulls appear to maintain control while markets test new
Read MoreGood morning We get the jobs data out in a couple hours and that could determine the direction the markets take today. Currently we are basically flat across the board with equities, the dollar, gold and oil. There are several sectors and indexes that are in overbought territory and at the very least we may see some consolidation as we work off the overbought condition through time as we approach the beginning of another earnings season just around the corner.
Read MoreGood morning Equities are slightly lower in premarket along with the dollar as gold and oil are both up just a tad. There is some saber rattling coming out of North Korea and that could make the markets a bit nervous heading into the weekend. North Korea threatened to detonate a...
Read MoreNorth Korea has reemerged as a global threat once again with another missile launch over Japan and there is a terrorist attack in the UK on a train that is being investigated. It is a sad thing to say but it seems like events like this do have an immediate impact but typically it is for a very brief duration in time. It appears that as a society we have become desensitized to these types of threats and violence.
Read MoreGood morning We have a huge hurricane about to hit Florida with another hurricane developing on the heels of Irma. We had an 8.2 magnitude earthquake off the coast of Mexico, we have wild fires in several states, North Korea continuing to saber rattle, a plunging dollar and lots of uncertainty out there to make people
Read MoreGood morning As we head into what is typically one of the most challenging month for equities the markets have staged an impressive rally in the face of uncertainty. Several sectors like heath care, biotech, and tech have have particularly strong this week and have repaired ..
Read MoreGood morning Equities are gapping up in premarket in anticipation of uneventful speeches from both Janet Yellen and Mario Draghi. It is expected that there will not be anything new or significant from either Yellen or Draghi so it's likely going to be non event but one never really knows. Often times we see a knee jerk reaction to whatever is said and its typically a head fake so be careful. Don't get sucked into a false move.
Read MoreGood morning Equities are pulling in premarket the dollar continues to struggle while gold is catching a small bounce. We have had a nice move in the markets this week off of earnings which have been coming in strong. However, we have a lot of stocks out there that have already had nice moves into earnings like ...
Read MoreGood morning Financial stocks are reporting earnings this morning and so far they are coming in strong with JP Morgan and Citi beating estimates however the stocks may have already priced in the earnings. Keep an eye on the sector or individual names that you like for a pullback to an area of potential support for swing or long term hold positions. Equities are popping once again in premarket after some economic
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