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Happy Sunday With the end of the quarter, the fed announcement and a boat load of economic data to absorb with some political drama sprinkled on top, the indexes struggled last week. Throughout history there have been some notable crashes for the markets in the month of October IE 1929, 1987 and 1997. There will likely be some chatter about that as ...
Read MoreGood morning I Hope you are having a great weekend. Equity sectors and indexes look strong technically >I know that there are a lot of people out there waiting for the bottom to fall out and a bear market to begin but there is nothing that I can see, that indicates it will happen anytime soon. Maybe, what I should say is, I don't see it happening in the upcoming week. There are a lot of great..
Read MoreGood morning this weeks Video of stocks to watch. I hope you are having a great weekend.. GO BROWNS!!!
Read MoreHappy Labor day weekend I hope you are having a fantastic relaxing fun weekend with friends and family. I am giving everyone the full video of stocks to watch that is normally for pro members for a second week in a row.
Read MoreHappy Sunday I decided to share this weeks Pro member video with everyone. Hope you had a wonderful weekend and have an even better week ahead.
Read MoreGood morning Earnings season is coming to an end with a big week ahead for retail. The good news is that there will be another one starting in a few weeks. There are several sectors that are in consolidation mode near their highs and for the most part, technically, they look very good. There are a couple of sectors that have reason for concern like the energy and Semi conductor sectors which may be in for more downside pressure. The energy space has a conference this week in Denver that starts Monday and runs through Wed that could impact some names in the space. FANG is also cooling a bit but ..
Read MoreGood morning Earnings season is winding down with retail one of the last sectors to report. Earnings were extremely strong with roughly 79 percent of the companies that have reported beating estimates. Technically the indexes and several sectors appear to be looking tired. We have extremely low volatility but that started to change on Thursday and Friday of last week. Remember that August. September and October can be rough months for bulls historically so we need to be prepared for some potential volatility. There is more economic data this week that may move the markets and I am sure we will be hearing more chatter about Turkey, Iran and China. Keep an eye on the dollar if we see some strength that could benefit the small caps and put some pressure on the big multinationals. Check out the break down of the individual sectors ...
Read MoreHappy Sunday Earnings continue this week with some small float high short interest stocks like HEAR AAXN ROKU reporting. If they miss and give a poor guide they could get hit hard. If they beat and raise, we could see some nice squeeze action. HEAR has already run into the number so even if they beat and guide well we could see a pull which may give an opportunity for a long swing entry depending on where it finds support. There are several stocks reporting this week that....
Read More“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” ― Mark Twain Good morning Earnings season starts to kick into gear next week with some big names in tech, finance, big pharma, rails and industrial sectors reporting. I am running short on time this weekend so instead of writing out the sector breakdown I am doing a video with all the stocks from this weeks Pro member stocks to watch list.
Read MoreHappy Saturday I have never been one to try and make bold predictions about the economy or the market direction in the long or short term. As we all know the markets have a tendency to make those that try to make those types of predictions look like fools. Just ask Dennis Gartman who just this week made the bold call that we are officially in a bear market and to sell and go short accordingly. It was almost as epic as his call that oil would never see 50 dollars a barrel again or at least not in his lifetime. With all due respect, I think Mr Gartman should consider a new line of work or at the very least stop making bold calls and if he feels the inkling to do so, he should probably call out the exact opposite of what he is thinking.
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