Blog
Good morning Equities are flashing green in premarket along with the dollar and oil while gold is flashing some signs of weakening. We are gapping a bit and that can make trading challenging so be patient and look for a good intraday setup. We have three IPO's today
Read MoreGood morning We have a potentially mixed open in equities as the Nasdaq is gapping and the Dow and S&P are basically flat. Oil and gold are also basically flat as the dollar is bouncing just a tad. We get the oil inventories from the petroleum status report and that could......
Read MoreGood morning Equities are flashing red in premarket even after we had strong earnings from Netflix, JNJ, BAC and UNH. Gold is gapping oil is flashing green while the dollar continues to struggle. There are a lot of low floaters with pr this morning recognize these names for what they are. They are high risk lotto trades so make sure that if you play them you do so....
Read MoreGood morning Equities are gapping in premarket along with gold while the dollar and oil are basically flat. We are going to be focused on earnings this week. Do not chase anything especially some of the super tiny floaters catching upgrades. If you....
Read MoreGood morning, In case yesterday wasn't riveting enough for you and it left you wanting more your prayers have been answered with a second day of Janet Yellen testimony before the senate banking committee. Double WWWOOOOHHHOOOO.. today could feel a lot like yesterday. The equity markets are gapping up once again and that can make things a bit challenging for day trading. Airlines could pull in sympathy with DAL earnings and that could create ..
Read MoreGood Morning We have two riveting events today > One is Janet Yellen delivering the first part of her semiannual congressional testimony. WOOOOHOOOOO The other which may not get a ton of press is the first speech from the new SEC Chairman laying out his vision and...
Read MoreGood morning We are looking at a slightly red open across the board equities, gold, oil, the dollar are all lower ahead of Fed speak that begins today. We have a couple big gappers in premarket do not chase the first candle off the open look for an intra day setup. The Ag sector is...
Read MoreGood morning Equities are currently up in premarket with the Dow and Nasdaq leading the way lets see if that can continue after the open. Gold and oil are slightly red while the dollar is slightly green. I was informed over the weekend that the Free Friday premarket prep video was not available for view. That was my mistake as I had it marked as for members only. So to make up for that mistake I am sharing this mornings Pro Premarket Prep for free. My apologies for the Friday mix up.
Read MoreGood morning The equities markets are under a bit of pressure this week after a strong start on Monday. Central banks seem to be the culprit as the easy money policies seem to be coming to an end. Only time will tell is this will just be a pause to refresh or the beginning of something more substantial in terms of a market correction. The non farm payroll numbers will be out later this morning and the could set the tone for the markets today. If that doesn't do it then it could be the Federal reserves semi annual report outlining recent policy decisions and describing the path forward for reducing its asset holdings. Janet Yellen will have an appearance in front of congress next week going over the plan and....
Read MoreGood morning Equities markets are looking fairly weak in premarket as we appear to be looking at a gap down. The API report that was out last night showed a much larger draw than expected in oil and gas inventories if the petroleum status report confirms that draw we could see a bounce in oil and energy names. We should also keep an eye on.....
Read More