Blog
Good morning The bulls have been in full control giving us a potentially positive close in the markets for September something that hasn't happened since 2013. Small caps $IWM and mid caps $MDY are leading the way. Several sectors are showing impressive strength >transportation $IYT housing $XHB Semiconductors $SMH Energy $XOP and $XLE with the Biotech sector $IBB in a nice bullish consolidation.
Read MoreGood Morning By the time I send this out we will have the GDP numbers and that could set the tone for todays action in the markets. Currently equities are basically flat with gold slightly lower, oil slightly higher and the dollar just slightly lower.
Read MoreGood morning The equity markets are showing some strength this morning in premarket as we await some details on what the proposed tax reform might look like later today. The markets could get a lift if the details are what the market wants to hear and there is some reasonable belief that it could actually get done.
Read MoreGood morning Equities are mixed in premarket with tech getting a little bounce while the S&P and Dow are slightly red. The dollar is showing some strength while gold and oil are both lower. We have a lot of Fed speak and economic data today that could impact the housing, retail, consumer discretionary and banking sectors.
Read MoreGood morning Equities are pulling in premarket with tech being the weakest and gold is also struggling as oil and the dollar are showing some strength.
Read MoreGood morning Markets are flat this morning. The FOMC held the Fed Funds rate steady but still expects to hike one more time between now and year-end. The central bank will also begin to trim back its balance sheet next month with a $10B reduction. Longer term is a somewhat more dovish message, with the "dots" showing a 20 basis point cut in the expected final resting place of the Fed Funds rate.
Read MoreGood morning It is going to be a riveting day with the FOMC decision and Janet Yellens press conference. We could see some whipsawing today in sectors and indexes as words get interpreted. Equities are basically flat in premarket while gold is gapping up and oil...
Read MoreGood morning Equities are getting some follow trough of yesterdays strength while the dollar is pulling back just a tad and Oil is up slightly. The Fed meeting starts today and we get the announcement tomorrow. There are several good looking sectors out there with Semi's, energy, biotech and health care being my favorites.
Read MoreGood morning Equities are looking to gap open this morning with a big merger in the defense sector. Tensions with North Korea have subsided a bit and the markets seem to like that. Semiconductors, defense and...
Read MoreGood morning Equities are pulling back slightly in Premarket gold and the dollar are both slightly lower at the moment and oil is slightly green. I want to provide the pro members the best service possible with actionable ideas and real time information to help identify potential trading opportunities and .....
Read More