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Good morning It is Fed day so the markets could be impacted. I think that the rate increase is expected and probably already baked in. As usual the focus will be on what is said in the statement and how aggressive or timid the Fed sounds about the economy and further rate increases. If the Fed sounds hawkish that could give a boost to the dollar and if he sounds dovish then we could see the dollar weaken. A strong dollar could put ..
Read MoreGood morning The strategy I laid out this weekend worked out pretty well yesterday as markets pulled back and the small energy and oil names caught some momentum. Trump will be addressing the UN today and Iran could be one of the topics he focuses on which could add to oils recent gains.
Read MoreGood morning The Cannabis names had a pretty nasty reversal yesterday after an amazing parabolic run in TLRY. Expect a lot more volatility in TLRY and if it has a sustained pull back it will likely take other names in the sector with it. Not all pot stocks had the same type of move up with TLRY but may be dragged down regardless. This could create opportunities in some names within the sector KSHB is one name that I will be looking to build out a position in. Any pot stock play should be considered high risk but KSHB..
Read MoreGood morning Canadian Cannabis stocks continue to rip higher and we all know how likely this will ultimately end badly but that doesn't mean there aren't short term opportunities to trade. Just make sure you play them size appropriate and make sure you...
Read MoreGood morning Trump upped the ante in the trade war with China adding a 10 percent tariff on 200 bln in China goods that can escalate to 250 percent by January. China is now preparing some sort of retaliation. Equities are actually up in premarket as intensifying "Trade War" doe not seem to be bothering Wall Street as much as some had feared
Read MoreGood morning Beaten up China names got a pop yesterday on the rumor that China and the US are looking to resume trade talks. With that in mind there are several China names on todays list. Accounting standards and the reliability of financial reports from China companies make them inherently more risky so play them accordingly. Today's Economic Calendar 8:30 Initial Jobless Claims 8:30 Consumer Price Index 10:30 EIA Natural Gas Inventory 12:30 PM Fed's Bostic: Economic Outlook and Monetary Policy 1:00 PM Results of $15B, 30-Year Note Auction 2:00 PM Treasury Budget 4:30 PM Money Supply 4:30 PM Fed Balance Sheet
Read MoreGood morning We have the Fed beige book today and an Apple event. Equities are basically flat in premarket, the dollar is up slightly along with oil while gold is slightly lower. Today's Economic Calendar 7:00 MBA Mortgage Applications 8:30 Producer Price Index 10:00 Atlanta Fed's Business Inflation Expectations 10:30 EIA Petroleum Inventories 12:45 PM Fed's Reserve Gov. Lael Brainard: Economic and Monetary Policy Outlook 1:00 PM Results of $23B, 10-Year Note Auction 2:00 PM Fed's Beige Book
Read MoreGood morning Trade tensions are still weighing on equities China and the US conflict seems to be ratcheting up as China is set to request the ability to sanction the US from the WTO. The cannabis sector remains hot and could be a space to watching closely.
Read MoreGood morning There is a lot of economic data hitting today that could impact equities. Equities just went slightly green while gold and oil are also up slightly. The dollar is down slightly in premarket. Today's Economic Calendar 7:30 Challenger Job-Cut Report 8:15 ADP Jobs Report 8:30 Initial Jobless Claims
Read MoreGood morning Cannabis stocks are continuing their incredible run with TLRY CRON and CGC gapping once again. NEPT and TRPX could be follow through sympathy plays but the whole group is getting extended so be careful. Equities are struggling this morning with gold and oil trading basically flat.
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