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Good morning Equities and commodities are pulling back this morning in premarket while the dollar is showing a little strength. there are a ton of potential trade opps out there. try not to get overwhelmed. Concentrate on the type of trades and setups you are good at playing. Stay focused on your style.
Read MoreGood morning It looks like we are looking at a fairly flat open in equities, the dollar oil and gold. Shippers could be getting some follow through action be careful there make sure you play size appropriate and don't chase.
Read MoreGood morning and Happy Halloween After yesterdays slight pullback in equities it looks as though we are seeing some strength in the Nasdaq and S&P 500 while the Dow is pulling back just a tad. We have a few things happening today and tomorrow that could spook the markets. ( See what I did there ?... spook the markets... Halloween... get it? I kill me. )
Read MoreGood morning It is going to be an event filled week ahead with indictments, earnings, the Fed and economic data. We are flashing just slightly red in equities. the dollar is also slightly red, gold and oil are slightly green in premarket.
Read MoreGood morning Yesterday we actually saw some weakness in equities. Does this mean we are heading into a bear market? I suppose anything is possible but I think we are just taking a little breather after an amazing run. I think this is a positive as prices reset a bit and create opportunity. Earnings are coming in strong for the most part and there aren't really any signs out there that suggest that this bull run is coming to an end. Every pullback we have had has been very shallow and short in duration. I would actually like to see a deeper and longer correction take place. Mario Draghi is set to speak ..
Read MoreGood morning Earnings are coming in stronger than anticipated in the industrial sector sending the Dow to new highs. At the same volatility has been showing some signs of life over the last couple days. It isn't anything dramatic but I do think we need to keep an eye on it. We are still trading in a tight range in several sectors, The IBB closed below the 50 day and is now testing the 100 EMA as potential support. There are some small signs that the markets could be losing some steam in the near term. We have not been getting a lot of follow through out there so be very careful out there.
Read MoreGood morning My apologies for yesterday I was not prepared for the news I received and it hit me pretty hard. Today is a new day and I have to keep moving forward. I know that I am not thinking as clearly as I need to be in order to trade successfully. I will likely be observing from the sidelines until I feel like I am back to normal and not encumbered by all the things that are going on around me. It has been a tough few weeks for me and my family. I will overcome this and get back on track I can promise you that.
Read MoreGood morning We are starting the week in the green as equities up slightly in premarket. This will be an interesting week for earnings. There are a lot of stocks and sectors that have already had nice moves many of them have been in consolidation ,ode and earnings could be the catalysts they have been waiting on before making the next significant move in either direction.
Read MoreGood morning Equities appear to be taking a breather this morning as the S&P and Nasdaq are pulling in premarket. The dollar is slightly red along with oil while gold is getting a slight bounce. HCA reported last night after the close and guided down after glancing at the report it looks as though it may be hurricane related. THC and CYH were taken down with HCA in sympathy and their earnings may be impacted as well but if you look at the carts of all three you will notice HCA is in a ...
Read MoreGood morning Equities continue to grind higher setting new records nearly every single day. The bulls have been in charge for a long time and there still isn't anything that suggests that is going to change in the near future. The one thing that could derail the bull run is if earnings were to come in extremely weak and so far earnings have been coming in at or above expectations. Earnings season has just started so we still have a ways to ...
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