*" Volatility is greatest at turning points, diminishing as a new trend becomes established." George Soros *
I hope you are having a wonderful weekend and I appreciate you taking the time stop by and read the blog and watch the video & I hope you find them worth your time.
The markets are still in the guilty till proven innocent as we head into what could be a big technical week for the the major indexes and sectors.
The "tariff war" talk appears to be escalating as China has responded with some very strong wording that makes it seem that they are not afraid of a trade war and is willing to fight till the end. The saber rattling could intensify and there could also be news at the end of next week regarding NAFTA. Tensions with China combined with a negative outcome on NAFTA would likely send the markets over the edge taking out key moving averages like the 200 day, potentially taking out the recent February lows and in that scenario increased volatility is likely. Currently the bears remain in control and the caution flag is being waved.
Always keep in mind that much of the noise that we hear and read can be taken out of context. The media thrives on creating drama, they are very selective about what they focus on and try to get as much impact as possible, often sensationalizing topics that really aren't as bad as they seem.
As I stated in yesterday blog post, equities are always just one headline away from a potentially market moving event. We could have a positive NAFTA agreement and some constructive comments between China and the US which would likely spike the markets. ANYTHING CAN HAPPEN!
Regardless of what happens there will always be something to trade. If the markets tank then we could see some positive action in Gold/ miners, utilities, and the volatility plays like TVIX UVXY & VXX. If the fear really picks up we could have some nice opportunities in TZA LABD SPXS SPXU
Earnings season is already here again with a few major financial firms reporting Friday. (JP Morgan, Citi and Wells Fargo) Kicking off earnings season we will want to keep an eye on the XLF FAZ and FAS on Friday.
Stocks on my radar
$SPKE $HMY $TAHO $BWEN $AEHR $NIHD $BLFS $AAXN $BB $HMNY $BABA $FLDM $MDR $APPN $OCN and more
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Highly anticipated earnings ( We kick off the start of a new earnings season with financial stocks on Friday)
Source Earnings Whispers
Economic calendar
Source Bloomberg
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