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Good 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 MoreGood morning Fears of an overheating economy, rising interest rates and some hawkish comments from the fed sent stocks tumbling yesterday and technically we took out some key moving averages in several sectors and indexes. Tech and semiconductors were hit hard yesterday with...
Read MoreGood morning Concerns of an overheating economy and the potential for an overly aggressive Fed is weighing on equities in premarket. Oil is pulling off of a big inventory build reported yesterday. Volatility is..
Read MoreGood morning Equities are gapping in premarket ahead of new ISM and PMI data at 10 am ET. Concerns over Italy have eased a bit as Italy government plans to cut its budget deficit. The petroleum status report comes out @ 10:30 ET and could impact oil and energy names. The dollar is basically flat while oil and gold are both up slightly in premarket. The action has been pretty choppy this week..
Read MoreGood morning We had a gap up day yesterday and those can be challenging days to trade. I did very little yesterday on terms of trades. The cannabis sector is where all the action was in just a handful of names like TLRY NEPT IGC and NBEV. The space could remain volatile and in play leading up to legalization in Canada which occurs on the
Read MoreHappy Sunday With the end of the quarter, the fed announcement and a boat load of economic data to absorb with some political drama sprinkled on top, the indexes struggled last week. Throughout history there have been some notable crashes for the markets in the month of October IE 1929, 1987 and 1997. There will likely be some chatter about that as ...
Read MoreGood morning We close out the month and the quarter today and in pre market equities are slightly lower. We had a tremendous amount of data this week along with the Fed announcement to absorb. We have another data set today that could impact equities with personal spending,.......
Read MoreGood morning The Fed raised rates yesterday and removed the accommodative monetary policy verbiage from the statement. Markets initially reacted by moving up and as Fed Chairman Powell ended hit question and answer session the markets were lower. Equities in premarket are flat to up slightly along with the dollar and oil while gold is flat. One potentially concerning development for the equity markets
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