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Good morning Earnings appear to be coming in strong but the guidance has been mixed. Big name earnings continue before the market open and after the close with $T $BA $UPS this morning and $MSFT $TSLA $AMD $V after the close. The dollar continues to strengthen as oil has been pulling back. Volatility is still..
Read MoreGood morning Overseas equities markets tanked overnight with geopolitical, and economic concerns creating some genuine fear in the markets. We are currently looking at a gap lower for U.S. equities. I hate gap days in either direction but I prefer gap down days for potential bounce play opportunities. Gold is getting a bounce in premarket as a potential safety trade and the volatility and bear ETF's are also gapping. We have some big ..
Read MoreHappy Sunday It was a tough week for the bulls as we head into an eventful week of earnings ahead. The cannabis sector had a pullback as legal recreational sales turned out to be a sell the news event. Almost every sector looks technically damaged along with the major indexes. Volatility is high as the markets try to hold potentially key areas of support. The concern for me is that even with some companies like..
Read MoreGood morning The caution flag has been out for the Alpha Wolf members for weeks and it does not look as though that is likely to change soon. Even though earnings were strong from several companies this week. Equities continue to struggle and the bearish sentiment seems to be ...
Read MoreGood morning China low float material names took off yesterday on the heels of a stock that tends to be a typical pop and flopper, YECO which had an amazing run yesterday trapping shorts and it could continue today. Spec money rotated out of the cannabis space and into low float China garbage. It is difficult to play in these types of plays when they are just straight up. These will end badly but no one knows...
Read MoreGood morning It is starting to look like the retail sales event in Canada is a sell the news event for the cannabis space. The pullback started yesterday and looks to continue in premarket. We could see come rotation out of the sector as people put money to work in some of the beaten down sectors as earnings ,,,
Read MoreGood morning The cannabis space was the clear winner yesterday and it looks like it could continue today as we head into the official start of recreational sales in Canada tomorrow. Netfilx earnings after the close could put the spotlight on tech while financial and investment banks continue..
Read MoreHappy Sunday It was a brutal week for the bulls and equities as the markets experienced some intense volatility and fear took over. We managed to close the week with an up day on Friday as things snapped back from some extremely oversold conditions but the question is whether....
Read MoreGood morning Equities have been hit hard this week and we have done some significant technical damage. Volatility is high as the fear index indicates that there is some genuine concern out there. It is extremely important not to panic in times like these.
Read MoreGood morning It has been a rough October so far for the bulls and the worst may not be over as we continue lower in premarket with a gap..
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