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Good 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 ..
Read MoreGood morning After 2 brutal days we are getting a bit of a relief rally right near the October lows for several sectors and indexes. There is chatter that the Fed is likely to pause rate hikes as early as this upcoming Spring and that is giving the markets something to grasp onto for this bounce. I anticipate ..
Read MoreGood morning It has been said that hope is not a strategy for investing in and trading stocks. The hope I had for the markets this week is quickly fading as they are about to potentially test the recent October lows. There is still a chance that we could see a rally this week however the premarket action indicates that we are looking at another lower open. Sentiment has clearly changed in the markets and
Read MoreHappy Saturday After going through my sector and index scans there may be some reason for optimism heading into a shortened holiday week of trading. There are a few technical indicators that give me hope that we could see a nice bounce in the near future for the markets. How long this good feeling will last depends on the price action we see next week. We will likely see a low volume week of trading with the Thanksgiving holiday and we have a short day of trading on Friday. The week has a tendency to have some low float movers form years past. Lets see if the trend continues. I have a pretty compelling list of stocks to watch for next week and will be sharing it with the pro members in a video tomorrow morning. The video below is a breakdown of what I am seeing in the indexes and sectors that have given me some hope for the bulls in the near term. Enjoy the rest of your weekend and have a fantastic Holiday week. Happy Thanksgiving to all! Become an Alpha Wolf Pro member for only $197.00 a year. https://www.alphawolftrading.com/membership Click on the banner above to sign up for Finviz ELITE> I use Finviz every day and find it worth every penny! Last weeks Pro member stocks to watch and their performance for the week This weeks Free Video Highly anticipate earnings for next week ** **Source Earnings Whispers www.earningswhispers.com Economic Calendar for the week ahead Source www.marketwatch.com Happy Saturday After going through my sector and index scans there may be some reason for optimism heading into a shortened holiday week of trading. There are a few technical indicators that give me hope that we could see a nice bounce in the near future for the markets. How long this good feeling will last depends on the price action we see..
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