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Happy Saturday The market is running out of time to produce that Santa Clause rally that many have been hoping for but in actuality the Santa Clause rally typically happens the last week of December and the first week of January. The problem is even if we have a nice rally that week we may only be getting back some of what have been lost over the last couple of months. Technically we are in a very precarious position in several sectors and indexes. We have death crosses in nearly every sector and we are triple ...
Read MoreGood morning It has been a wild week and we may close out the week with another wild ride. We have several things that could move the markets today with the first being the jobs report being released @ 8:30 ET. Economists and analysts will be looking at the unemployment rate (which is anticipated to remain somewhat flat) and signs of potential wage inflation. If either of those data points surprise ..
Read MoreHey there Pro members I hope you are enjoying your day off. The markets certainly took a big hit on Tuesday and like I said in the blog post last weekend the markets remain guilty till proven innocent. I have something a little different this morning I am going to be putting this article out probably Thursday or Friday morning and wanted to give you all a preview before I do. Hope you enjoy and find it worth your time.
Read MoreGood morning The gap up did not hold but the markets did manage to finish green on the day yesterday. We are looking at a red open in premarket as we approach a day of mourning and the market being closed for former President Bush. We should not be surprised by the move in equities since all we have seen is a pause..
Read MoreGood morning The G20 summit if over and it appears as though disaster has been averted...for now. Statements made from the White House have indicated that tariffs will not be raised for 90 days as China and US work to come to some sort of agreement on trade. The market will likely respond favorably ...
Read MoreGood morning We are closing out another month as November comes to an end. The G20 meeting is likely going to take center stage with focus on the developments between the US and China on trade. President Trump and President Xi are scheduled to have dinner with their respective trade staff on Saturday night. This could wind up being a binary ..
Read MoreGood morning We had a very nice bounce yesterday after a more measured and dovish Powell gave his speech which the market interpreted as a bullish sign. Whether that continues through the end of the week and the close of November is yet to be determined. We have another barrage..
Read MoreGood morning We have a lot of economic data to absorb today along with a speech from the Fed Chair Powell. The Fed will likely be the focus along with the GDP number. Trade and China will continue to be a hot topic as we will likely see more rhetoric from
Read MoreGood morning Markets had a nice little snap back bounce yesterday but the follow through was difficult to come by. Throw in some comments from resident Trump about tariff increases on China products and AAPL Iphones and the market is set to open lower. I am fairly certain we all knew..
Read MoreHappy Saturday Last week I had some hope for the markets and a Thanksgiving holiday week bounce. Unfortunately, hope did not turn into reality as the markets put in the worst Thanksgiving week performance since 2011. This was a bit of a setback and has clouded the vision of a potential end of year rally but there is still a chance it may happen. This week we have the Fed minutes and ..
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