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Good morning Equities are mixed in premarket with Gold gapping and the dollar making new 52 week lows commodities, miners and basic materials could be in play.
Read MoreGood morning The Solar industry could be in play after the news tariffs imposed on China from the administration. Several Solar names are gapping this morning whether this winds up being a good thing or bad thing will take time to figure out. There are fears of a full blown trade war and there are already reports coming out that this move will raise the price significantly on solar projects forcing the industry to lay people off costing thousands of jobs. ASYS +4.6%, CSIQ -0.4%, DQ -6.8%, ENPH +4.6%, FSLR +5.4% JASO -2.1%, JKS -2.9%, RGSE +46.1%, RUN +6%, SEDG +3.3%, SOL +0.7%, SKYS +2.5%, SPWR -1.4%, SUNW +29.5 TSLA +0.9%, VSLR +8.5%, WHR +3.2
Read MoreGood morning Equities are down slightly this morning off the government shutdown but we also have three mega M&A deals happening this morning. Two in the Biotech space and 1 in the insurance space. There will likely be rumors of more potential deals and speculation about others, only time will tell which are true and which are just attempts to boost a stock price.
Read MoreGood morning We had some growth numbers out of China and we get a slew of economic data today. Equities are up slightly with gold pulling and oil up as we head into the petroleum status report later today. A government shutdown would not be a good thing for the markets in my opinion and while I do not think it will happen....
Read MoreGood morning We are gapping up this morning. We could be looking at a repeat of yesterdays action with a market reversal to close down on the day for equities. The dollar is bouncing a bit in premarket and that is putting a little pressure on gold and oil however I do not expect that to be the case for very long. Gold needs to take a breather after its impressive run.
Read MoreGood morning We are looking at another impressive open in equities gap up days are tough be careful not to chase. Watch the dollar weakness and keep an eye on gold. We could be looking at a government shutdown and I would think that could put some pressure on equities if we head that direction. It's not a good day for cryptocurrencies, with South Korea stating a ban on trading was now "a live option" and China reportedly raising the bar on its cryptocurrency crackdown. Bitcoin dropped more than 10% within an hour, eventually tumbling 17% to under $12,000 for the first time since Dec. 6, while ethereum and Ripple posted losses of more than 20%.
Read MoreGood morning Markets continue to melt up as we approach a very important earnings season. Do not chase make sure you have a plan and always know your risk reward.
Read MoreGood morning I do not know how long I will be able to hand in there today as the cold or flu I am battling seems to be getting the best of me. The trip to CES yesterday was incredible and way too much to try and take in all at once. Complete sensory overload and the idea of being able to go see several companies I am interested in was nearly impossible because they are spread out over several locations near or on the strip which was a complete logistical nightmare. Unfortunately no video today as my throat is killing me and it is actually painful to talk.
Read MoreGood morning Markets are looking to gap down this morning which is something that we should not be all the surprised about. What will be interesting to see is if it will hold steady or accelerate to the downside and intensity, creating some long overdue fear in the markets. Oil is breaking over 63 dollars a barrel in premarket and in my mind that .....
Read MoreGood morning Equities are basically flat in premarket with gold pulling slightly while the dollar and oil are both flashing green at the moment. Remember markets and sectors are overbought that doe not mean that we have to see a swift pull back we could just grind sideways or slowly melt up as we work that condition of through time.
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