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“If stock market experts were so expert, they would be buying stock, not selling advice” Norman Ralph Augustine Good morning Equities are getting hit hard in premarket as news of the Trump administration announcing last night a potential fresh round of 200 Billion in new China tariffs being released soon. Markets around th globe are selling off as trade war fears escalate and the bearish sentiment continues to increase. Gap days can be challenging. However, we should keep an eye on some of the short biased ETF's and volatility. UVXY TVIX TZA SQQQ SPXS do not chase and recognize these should be considered very short term trading vehicles.
Read More“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore Good morning After yesterdays gap up and follow through we are looking at another positive open for equities. Gold is down while oil and the dollar are both up slightly.
Read MoreGood morning I hope you had a wonderful Fourth of July holiday. Equities are up in premarket ahead of the FOMC minutes later today. Gold is up slightly, oil is basically flat and the dollar is down slightly. It could be a choppy day out there today as we head into a China's tariff retaliation.
Read MoreGood morning We have a shortened trading session today the markets will be closed @ 1 PM ET. Equities are up slightly in premarket with gold and oil while the dollar is slightly lower. It will likely be a low volume uneventful day for the indexes but there could be some decent trading opportunities in individual names. I want to wish everyone a safe, fun and Happy 4th of July! Enjoy the time off with your friends and family.
Read MoreGood morning Equities are bouncing slightly in premarket as gold continues to its grind lower and oil is up slightly. I mentioned yesterday in yesterdays market wrap that we could see oil stall or pull back after the recent run but we could also see momentum continue in the space. GDP numbers come out today and could set the tone for the markets today. GDP came in much...
Read More"The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out". Paul Tudor Jones Good morning This morning equities are gapping lower along with gold and oil while the dollar continues to show strength.
Read MoreGood morning Equities are gapping up in premarket as dollar strength continues while gold and oil are both slightly lower. Canada has legalized cannabis and the speculative cannabis space could be in play. Keep in mind that the valuations on many of the cannabis plays are richly valued already. They may have a low stock price..
Read MoreGood morning Trade war fears are front and center with equities selling off around the globe. Oil is also pulling back in premarket heading into the OPEC meeting and rumors that those talks could be difficult as well. With equities tanking you would think gold would be ripping however
Read MoreGood morning Equities are up slightly in premarket along with gold and oil are also up in premarket. Surprisingly the dollar is also up in premarket.
Read MoreGood morning The summit is over and Wall Street seems uninspired and unimpressed by the event. The focus will now turn to the CPI number due out this morning and the Fed statement and press conference tomorrow. Equities are slightly lower along with gold and oil while the dollar is higher
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