Blog
Good 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..
Read MoreGood morning Equities are up slightly in premarket as we are awaiting the latest PPI numbers. Several indexes and sectors remain guilty till proven innocent. The caution flag is still waiving as we see a lot of choppy action with little follow through in either direction. I am keenly focused on the China names like BABA BZUN HUYA and IQ. The cannabis sector remains volatile ..
Read MoreGood morning The markets did rally late in the day yesterday but it was not enough to have them close in the green. This morning we are looking at another weak open but in the short term we are also looking oversold and we are trying to hold onto some key moving averages in a few sectors like the IBB IWM IYT while tech and the SMH have broken ..
Read MoreHappy Sunday all It was a rough week for the bulls and there really wasn't any place to hide. However, I believe this is a well deserved pullback that I believe will create some fantastic opportunities. Earning season is about to kick off once again with ....
Read More