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Good morning Here is this weeks pro member sector and index overview with stocks to watch. The equity markets have had a nice bounce but how sustainable is it and what is the potential upside in relation to the potential downside? Simply put, we have had a big move in short period of time from extremely oversold conditions and now we have conditions..
Read MoreGood morning Rumors of lifting tariffs on China gave the markets a late day boost and the timing couldn't have been better as the S&P was testing the 50 day moving average. I have suggested that it is still a time to be cautious as we were consolidating in areas of potential resistance for several sectors..
Read MoreGood morning NFLX reports after the close today and could have an impact on equities as we close out the week heading into a holiday weekend. Equities in many sectors are consolidating at potential resistance areas and the price action is pretty choppy with the exception of some low float
Read MoreGood morning The government is still closed with no signs of anything getting resolved soon. Regardless the markets are holding up fairly well at this area of potential resistance. An extended government shutdown period, Brexit, China and signs of slowing global growth are threats that are very real and could eventually drag the market back down. The focus right now
Read Moreood morning Equities were higher this morning until JPM earnings hit. Equities stalled a bit yesterday and we are in an area where a lot of people believe this level will act as significant resistance and may lead to retest of the recent lows in December. It would make sense for that to be the case and it clearly looks like it could happen
Read MoreGood morning We had a nice week for the bulls as we continued to climb to potential price and moving average resistance overhead for several indexes and sectors. This is perfectly aligned with the start of earnings season which is likely going to help determine if we will be moving higher or potentially testing new lows. The government shutdown is now officially the longest in history and it does not appear ..
Read MoreGood morning It has been a good week for the bulls and we are approaching areas of potential price resistance in several indexes and sectors. Retail is under pressure after disappointing earnings from Macy's. Earnings season will kick off next week and that is what will likely guide the markets...
Read MoreGood morning Equities are lower in premarket as they approach potential resistance levels from concerns over a slowing China and the government shutdown that seems to be at an impasse. After being up 4 days in a row
Read MoreGood morning Equities are looking like they could have a 4th day in a row of upward momentum. While I have doubts that we will have a V shaped move back to all time highs but we have to acknowledge that anything is possible. Remember that markets have a tendency
Read MoreGood morning It is all quiet on the trade front but that could change in the next day or two. Even though talks are going on between China and the US there have not been any news leaks from either side on how those talks..
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