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Good morning I hope you had a wonderful Christmas Holiday. After going through some charts it is my opinion that we are getting very close to a potential oversold rip your face off rally. It could happen this week or ...
Read MoreGood morning There is not much to celebrate in the markets this holiday season unless you are a bear. However, the stock market is not the most important thing in our lives. **Our health, our family and our friends are what is most important. As you celebrate...
Read MoreGood morning Like there wasn't enough for the markets to worry about! Concerns about a government shutdown rose yesterday after Trump indicated he would not sign a stop gap bill without border wall funding. This morning General Mattis's resignation letter hit social media and appears to be just one more thing for people to worry about.
Read MoreGood morning The Fed had all the stars aligned to give investors a Santa Clause rally and unfortunately he failed to deliver. The Feds decision to raise rates and more importantly the tone and direction for the path forward disappointed the street and sent equities lower after they were trading up prior to the announcement. The S&P 500 broke and closed below the 2532 February low which was a big
Read MoreGood morning The near term fate of equities lie in the the hands of one man. The set up is almost exactly how I imagined it may play out. After two wild volatile days in the markets we now have the S&P 500 sitting just a few points away from October lows after testing it once on Monday and again on Tuesday. Fed chair Powell is going to be tested by the markets today as he is set announce the rate hike decision and provide a view of the path forward. There has been a lot of vocal opposition ...
Read MoreHappy Saturday It was another week for the bears as equities continued to struggle with some sectors and indexes officially entering bear territory. Next week could be a very volatile week in both directions. Watch my video below to see why ...
Read MoreGood morning The equity markets have been a chop fest this week which indicates that neither side has enough conviction to take full control. Dips get bought and the rips get sold and while the indexes and sectors remain guilty till proven innocent they may be trying to find the bottom. There is enough geopolitical concern, investor pessimism, inverted yield curve and Fed concern to justify the pullback in equities but at what point will..
Read MoreGood morning Markets held their gains yesterday and we are looking at another slightly positive open this morning. Perceptions that China and the US are making progress on trade issues seems to be giving equities a lift. The messy Brexit concerns seem to be subsided for the moment even though there does not appear ...
Read MoreGood morning Yesterday was a disappointing day as equities opened higher and spent the day fading to close out in the red. We are looking at another gap up day this morning and we will have to see if the action today becomes a repeat of yesterday. The Cannabis space is still one to keep a close eye on as the farm bill is supposedly close to being passed.
Read MoreGood morning Equities started the week off looking like there was going to be real blood in the streets as the fear indicator started rising looking like panic was just around the corned. It was beginning to look like a real capitulation move. Then, we had a reversal mid day and it accelerated into the close with the NASDAQ actually closing green on the day. This action put in what could be considered a nice reversal candle in several indexes..
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