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Good morning We are looking at another green open as we await earnings from the likes of JP Morgan, Citi and Wells Fargo. Financial stocks will be in focus today and likely will set the tone for the trading day as we start another earnings season. Technically the markets are holding up fairly well even with all the drama lately. We have geopolitical concerns, a somewhat hawkish Fed raising interest rates, a potential "Constitutional Crisis" and yet the markets have..
Read MoreGood morning Equities are gapping up this morning primarily off the fact that there is no news to report on Syria. No bombs were delivered and there was a tweet from Trump suggesting there could or could not be action coming soon. On the tariff front China continues to make more threats of retaliation while indicating they have not conducted any negotiations recently with the US > commerce ministry spokesman Gao Feng ...
Read MoreGood morning Equities are down this morning as tensions over Syria continue to rise. China and Russia have both come out in support of Syria and oppose any military action from the US. Meanwhile, Airlines have been warned to steer clear of the eastern Mediterranean over the next 72 hours due to possible air strikes on Syria.The Trump administration has reportedly won the support of France, the U.K. and Saudi Arabia, suggesting the strikes could be more extensive than last year's U.S. attack on a Syrian airfield. Trump Earlier...
Read MoreGood morning Positive comments from President Xi out of china are giving global equities a lift as we get some concerning headlines out of Washington with President Trump's attorney raided by the FBI and rumors of more potential exits from the current administration. Which headlines will rule the day? Or will there be another headline that trumps everything and determines the mood of todays market? (no pun intended) Issues with Syria and Iran are percolating and they will likely produce some concerning headlines to worry about. Mark Zuckerberg will be getting grilled on the hill today and there are bound to be some good headlines from that event. There will always be something. Which headline will it be that determines the direction of equities as we head into the future? My guess is it will be,,,,,,
Read MoreGood morning Equities are gapping down as the potential "trade war" is escalating off of comments from both President Trump and China. As I stated earlier this week to the Pro members we are always just one headline away from something that may send equities ripping higher or falling off a cliff. Anyone that claims they know exactly where markets are going each day is likely living in some sort of fantasy world where there are unicorns, crystal balls and flying carpets.
Read More"Building wealth is a marathon not a sprint, discipline is the key ingredient" Warren Buffet Good morning Equities had a huger reversal yesterday reclaiming the 200 day and were able to stay above the recent February low. As of right now that is carrying over into this mornings action as we are currently looking at a gap higher in the indexes. The dollar is up slightly while gold & oil are slightly lower. Gap days in general can be challenging. If you are a bear and you saw yesterdays premarket action you may have felt that everything was coming together and the markets were ripe for the picking. All it took was..
Read More" You get recessions, you have stock market declines. If you don't understand that's going to happen then you're not ready, you won't do well in the markets." Peter Lynch Good morning Trade war fears are hitting equities in premarket as China came out with an aggressive response and proposed a list of new **potential ** "reciprocal" tariffs last night. Equities are gapping down across the board. We held the recent February lows and the 200 day for several sectors and indexes yesterday which was a good sign for the bulls. Now we are in jeopardy of losing support and potentially putting in new lows for the markets to test as support in the future. The close today and throughout the rest of the week will be very important.
Read MoreGood morning Equities are bouncing back in premarket after yesterdays sell off. Tariffs and fear of trade a trade war and President Trumps personal attacks on Amazon escalated the fear yesterday. We have several indexes and sectors that have officially entered "correction" territory of being down over 10 percent or more. To hit the "bear market" territory it is 20% ...
Read MoreGood morning After 2 consecutive weak months for the major averages futures are mostly lower as we enter April which has been a more of a bullish month in recent years. Retaliation tariffs were announced from China sparking
Read More" Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria" Sir John Templeton Good morning Equities are up slightly in premarket. We could be looking at another choppy day ahead of the long weekend. Gold is up slightly while oil and the dollar are both down slightly.
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