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Good Morning Equities are pulling back in premarket not a surprise after the recent run. Gold is gapping and the dollar continues to be weak but I would be looking for that to come to an end in the near future, It is just my gut feeling, but I think the dollar weakness is getting overdone. Solar names are looking pretty hot and the IBB continues to flag out nicely. Seeing the markets take a breather is good. There is no doubt that the bulls (at least for now) are still very much in control.
Read MoreGood morning my friends We have the Delivering Alpha conference today along with Apple's huge event today. Equities are gapping once again in premarket while gold if pulling pulling back. It is another gap day which can be challenging. Tuesday's economic calendar
Read MoreGood morning We are seeing a bounce in premarket for equities and a slight pull in gold but the dollar also remains weak. We could see a green to red type move today in equities so do not chase. We have the Fed beige book today at 2 ET I am..
Read MoreGood morning Equity markets are under pressure this morning as the S&P and Nasdaq are gapping down in premarket with gold gapping higher. We have a acquisition in the aerospace and defense industry this morning with UTX buying COL and with the North Korea developments the sector could remain of the stronger sectors in the indexes. Gold is gapping in premarket so ...
Read MoreGood morning I recently talked to one of our pro members that attended a seminar and one of the topics discussed was the amount of broker/dealer margin debt so I found it interesting when I came across this Seeking Alpha article this morning. https://seekingalpha.com/article/4103012-stock-margin-debt-signal-reaches-5-alarm-level I think it is worth your time to read through...
Read MoreGood morning The ADP employment number just hit and came in better than expected, giving the market a little boost. Markets remain guilty till proven innocent but it does appear as though the bulls are trying. There is still a lot of uncertainty out there and it will likely continue as we head into a new month. The dollar is showing some strength.....
Read MoreGood morning Equities and gold have been signaling for the last several weeks that we should take a more cautious approach to the markets and after yesterdays event with North Korea we have even more reason to be careful in our approach. Gold is gapping higher while equities are gapping lower. As we approach what are typically the two worst moths for the markets we have a tremendous amount of uncertainty and market hate uncertainty. Debt ceiling is
Read MoreGood morning Equities are mixed in premarket with a big acquisition in the Biotech space GILD buying KITE and another acquisition in the semi conductor sector. Houston is a disaster the impact of all of this will take...
Read MoreGood morning Equities are bouncing this morning along with a slightly positive dollar while gold and oil are slightly in the red. Today will likely be filled with lots of headlines and comments from all the talking heads at Jackson Hole. Who knows which statement if any will have an impact on the markets but I would venture to guess that someone will say something that ...
Read MoreGood morning Markets are pulling back a bit off of government shutdown concerns after Trumps rally yesterday. The dollar is pulling just a tad while gold is up slightly as equities and oil are flashing red in premarket. Yesterday we had a relief rally because someone mentioned tax reform or tax cuts from the administration and that gave the market hope that something may actually get done on that front. Today we start the morning with more uncertainty and doubts about whether we will even be able to keep the government running. We have talked about uncertainty and how much ....
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