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Happy Sunday It was a nice way to end the week but I am still somewhat cautious from a technical perspective as to whether or not the bulls can maintain control. Earnings season kicks off next week with financial stocks in focus. However,
Read MoreHappy Sunday Last week started out with the bears in control and some real fear starting to creep into the markets but by the end of the week the bulls retook the reins and we closed out the week with a green day on Friday after a nice reversal day on Thursday. I can not tell you if the strength will continue sending the market roaring to new all time highs or if this will only be a short lived snap back bounce that will eventually lead us to some lower lows. Time is the only thing that will tell us that with certainty. What I can tell you is what stocks and sectors...
Read MoreHappy Saturday The markets stumbled last week as news of an impeachment inquiry has begun. Where this will all lead is anyones guess but the markets do not like uncertainty. There are several indexes / sectors that are flashing warning signs and that leads me to raising the caution flag heading into the month of October. The month is typically associated with being a bad month for bulls as we have had several significant drops throughout history occurring in the month "The events that have given October the reputation for stock losses have happened over decades, but they include the Panic of...
Read MoreHappy Saturday With the markets and some indexes trading near all time highs it would not be a shock to see some consolidation or even a pullback as it appears as though we are running out of steam and we lack any major catalysts next week. That could all change with a single tweet but technically we are
Read MoreHappy Saturday It was a strong week for the bulls last week with some impressive strength across the board but most notably in some of the beaten up sectors. There is a Fed decision and some developing geopolitical issues for the markets to absorb this week. This has got to be one of the most ...
Read MoreHappy Sunday The markets had a nice rally last week giving us reason to believe the bulls are back in control. My mantra over the last several weeks has been guilty till proven innocent for several indexes and sectors and even though we had some nice action I am still somewhat cautious. I think there will be plenty of trading opportunities but there..
Read MoreHappy Sunday My prayers go out to all that may be impacted by the hurricane. Be careful out there and stay safe. Markets held up fairly well last week however I remain cautious. Several sectors and indexes remain technically challenged and with the new tariffs kicking in ..
Read MoreHappy Sunday Volatility increased last week as the trade war with China escalates from both sides showing no signs of settling down anytime soon. The prospects for a near term trade deal appear to be slipping further and further away. We are literally one tweet away from major market moves in either direction. The volatility can create some nice..
Read MoreHappy Sunday It was a wild week once again as volatility remains elevated. We have a big week for retail earnings ahead along with FOMC minutes and the annual Jackson Hole symposium that begins on Friday and runs through next Saturday. Watch this weeks video to see what sectors and stocks are ..
Read MoreHappy Sunday It was a wild week last week and we could see more of the same this week. We have a ton of economic data to digest and some big names reporting earnings this week that could impact several sectors. This is still a time to be cautious and ..
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