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Good morning equities stalled yesterday with many indexes and sectors flirting with their 200 day moving averages. We may consolidate in this area before getting a clear sign of which direction the markets head next but I am in the camp that there is more risk of heading south and a potential retest of the recent lows. A negative tone on the progress
Read MoreGood morning Equities have been in consolidation mode for several sectors and indexes this week. We are not seeing a lot of range as earnings season continues to roll on. Next week should be more eventful in terms of big names reporting. One sector that appears to be attempting to break out of a range
Read MoreGood morning Rumors of lifting tariffs on China gave the markets a late day boost and the timing couldn't have been better as the S&P was testing the 50 day moving average. I have suggested that it is still a time to be cautious as we were consolidating in areas of potential resistance for several sectors..
Read MoreGood morning It has been a good week for the bulls and we are approaching areas of potential price resistance in several indexes and sectors. Retail is under pressure after disappointing earnings from Macy's. Earnings season will kick off next week and that is what will likely guide the markets...
Read MoreGood morning After yesterdays drop in the markets off of AAPL's disappointing guidance equities are gapping off of an update and China US trade talks and hope that we are getting closer to agreeing to a trade deal. There is still a long way to go and these negotiations could take months if not years before ..
Read MoreGood morning Equities set a record on Wednesday with the 1000 point move higher but it was yesterdays action that really impressed me and could be the type of action to indicate we are trying to find some sort of bottom. Equities were looking like they were going to give up all the gains from Wed with the Dow down over 600 points, then without warning there was a powerful reversal and equities..
Read MoreGood morning Like there wasn't enough for the markets to worry about! Concerns about a government shutdown rose yesterday after Trump indicated he would not sign a stop gap bill without border wall funding. This morning General Mattis's resignation letter hit social media and appears to be just one more thing for people to worry about.
Read MoreGood morning The equity markets have been a chop fest this week which indicates that neither side has enough conviction to take full control. Dips get bought and the rips get sold and while the indexes and sectors remain guilty till proven innocent they may be trying to find the bottom. There is enough geopolitical concern, investor pessimism, inverted yield curve and Fed concern to justify the pullback in equities but at what point will..
Read MoreGood morning We are closing out another month as November comes to an end. The G20 meeting is likely going to take center stage with focus on the developments between the US and China on trade. President Trump and President Xi are scheduled to have dinner with their respective trade staff on Saturday night. This could wind up being a binary ..
Read MoreGood morning Equities continue to struggle with many indexes and sectors either in or approaching bear market territory which is defined by a move lower of a 20 percent from the most recent high. Several big name stocks like APPL have just entered bear market territory. The average bear market can last 10-15 months with stocks dropping on average around 32 percent. However, one could make the assumption ...
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