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Good morning Equities continue to struggle with many indexes and sectors either in or approaching bear market territory which is defined by a move lower of a 20 percent from the most recent high. Several big name stocks like APPL have just entered bear market territory. The average bear market can last 10-15 months with stocks dropping on average around 32 percent. However, one could make the assumption ...
Read MoreGood morning Equities have struggled and appear as though they could be heading for a potential retest of the recent October lows. Two things that could continue to drive market sentiment are the Fed which spoke last night and suggested the markets will have to get used ...
Read MoreGood morning Global growth is slowing and that is weighing heavy on equities. Germany and Japan reported weaker than anticipated economic data along with China as trade war concerns continue put pressure on equities and the global economy. Oil is down 12 straight days in a row and could be looking at a relief rally bounce in the near future. The Fed chair Powell will be speaking at an event late this afternoon and will be watched closely for..
Read MoreGood morning After a 600 point drop in the dow yesterday markets are bouncing slightly this morning. As I said in this weekends video there are many sectors and indexes that remain in the guilty till proven innocent category. It is still a time to tread carefully and be cautious which means adjusting your trade size and as always >being disciplined with your entries and with your stops.
Read MoreGood morning Happy Sunday I hope you are having a wonderful weekend. Even though Friday ended the week on a sour note for equities the indexes were still up slightly for the week. There are still a lot of sectors that are in the guilty till proven innocent category since they are still making lower highs and I am concerned they may either retest their recent lows or.....
Read MoreGood morning The Fed announcement has come and gone without a lot of reaction from the equity markets. However, it appears as though the Fed plans to continue with its steady increase in rate hikes which could weigh on markets in the future. Many sectors and indexes remain in the guilty till proven innocent camp until we get some better looking technicals. Be careful in the cannabis..
Read MoreGood morning Impressive bounce in the markets after the results of the midterms. Today's focus will be on the Fed and its view on the economy. A rate hike is not expected today but it is the tone of the Fed and what is said today that could impact equities. The cannabis space was on fire
Read MoreGood morning Welcome to Washington gridlock... The markets seem pleased with the election results and a split of the house and senate between the two parties which indicates nothing will get done for the next two years
Read MoreGood morning It is election day and it could be another fairly choppy day for equities until we get the final results tomorrow. I only have a few stocks on my radar this morning
Read MoreHappy Sunday I hope you are having a wonderful weekend. It was nice to see an oversold bounce last week but we are not out of the woods yet. There is a lot of technical damage out there and as we have seen recently, volatility can pick up in the blink of an eye and fear can take hold sending equities into a tailspin. It will likely be a very interesting week...
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