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Good morning I hope you had a great weekend and 4th holiday. The Fed will likely be in focus today as we get the FOMC minutes. Asset reduction and potential rate hikes and the anticipated pace of each will be what investors and economists will be looking for from the Fed. With signs the the global stimulus by central banks may be slowing down the equity markets are going to have th prove they can stand on their own merits. After North Korea's weekend launch of an ICBM the markets appear to be a bit on edge.
Read MoreGood morning By the looks of the room it appears as though most of you are sleeping in and taking the day off. Good for you!!! I think it is likely going to be a slow day. We are gapping up slightly this morning and gap up days can be tough. There could be some low float mania today which tends to happen on short holiday trading days. Do not chase anything make sure you have a plan and always know your risk reward. Have a fantastic 4th of July be safe and have fun. I will most likely not be doing a market wrap video today so I will just see you on Wed with the premarket prep. Thanks to A1 for all the good looking charts in the chat room today.
Read MoreGood morning We have the bank results this morning and a barrage of banks raising dividends and announcing share buy back programs so you can pretty much throw a dart at a bank and it is likely up in premarket. The XLF and FAS ETF's are gapping higher and the finacials are likely to be hot for awhile as we are breaking out of a range. However, there is no need to chase if you are not in any banks look for there to be a pull back opportunity to potential support in you favorite name. These are typically thick stocks and more long term hold type plays.
Read MoreGood morning Equities markets were red however we are seeing a reversal in premarket with a nice bounce in tech and the dollar. Gold was gapping however with the bounce in the dollar we are seeing gold pull back just a bit. Oil is down off of the API inventory report last night and we get the petroleum status report this morning at 7:30 ET if we see a build in inventory we will likely see more
Read MoreGood morning Equities are pulling back a bit this morning in premarket action along with the dollar while gold and oil are slightly positive. We could see some choppy action out there today. Tech and semis are looking like they could continue to struggle and are probably sectors to be cautious of while finanacials look like they could be ready for a bounce. There are a few speakers from the Fed today including Janet Yellen at 1 PM and they could have some effect on the markets.
Read MoreGood morning The equity markets are flashing green with the dollar also showing some strength in premarket. Gold is gapping down while oil is essentially flat. One of the stocks in this weekends watch list reported they did not meet primary end point $MTNB can be removed from watch as it is gapping down off the news and destroying the setup on the daily. Peter brought up...
Read MoreGood morning Equity markets are basically flat with a slight slant towards green. The dollar and oil are also flat while gold is gapping a little bit. Do not chase gold or the miners wait for a setup if you are going to try and play in that space. There is a robotics ETS to add to your list to watch that I just discovered called BOTZ add it to your watch list for a potential long term hold consideration on a pull to support. We have a highly anticipated IPO ATUS and another one MOTA that could be worth watching. Do not chase have a plan know your risk reward and play size appropriate. Sorry for the short list tomorrow will be back to normal.
Read MoreGood morning Equity markets are pulling back a bit as oil and gold are getting a little bounce in premarket. Small cap bios and micro caps look like he place to be for potential scalp opportunities these are extremely volatile and high risk plays so if you decide to play in that area do not try to hit a grand slam. Play size appropriate. If real dear starts co come in keep your eye on TVIX and UVXY for...
Read MoreGood morning Equities markets are flashing green in premarket suggesting a potential follow through day. Oil continues to struggle as inventory concerns continue to plague the industry. The API report is after the close and we will have the petroleum status report tomorrow morning. If we get another larger than expected build in inventories the energy space is likely going to see more weakness in the near future that could create some opportunities for the long term patient value players.
Read MoreGood morning Stock Markets appear to be starting off the week on a positive note with the NASDAQ and the DOW both flashing green in Pre market. Biotechs could get a boost off of CLVS news and several other names in the space that are reporting news this morning, We are gapping and gap days can be challenging days to trade.
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