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Good morning It is Fed day so the markets could be impacted. I think that the rate increase is expected and probably already baked in. As usual the focus will be on what is said in the statement and how aggressive or timid the Fed sounds about the economy and further rate increases. If the Fed sounds hawkish that could give a boost to the dollar and if he sounds dovish then we could see the dollar weaken. A strong dollar could put ..
Read MoreGood morning The strategy I laid out this weekend worked out pretty well yesterday as markets pulled back and the small energy and oil names caught some momentum. Trump will be addressing the UN today and Iran could be one of the topics he focuses on which could add to oils recent gains.
Read MoreHappy Saturday I hope you are having a great weekend. After going through my index and sector scan there is probably reason to be a bit cautious next week. Technically we had a couple of reversals on Friday after a very nice run. With the Fed coming up and another rate increase likely we could see the dollar strengthen which bounced off potential price support on Friday and could get some
Read MoreGood morning The cannabis space has continued to be impressive with some new movers like NBEV yesterday. This could continue with money rotating from one pot name to another. Like I said in yesterdays blog post, at some point this will likely end badly but as long as you play them...
Read MoreGood morning The Cannabis names had a pretty nasty reversal yesterday after an amazing parabolic run in TLRY. Expect a lot more volatility in TLRY and if it has a sustained pull back it will likely take other names in the sector with it. Not all pot stocks had the same type of move up with TLRY but may be dragged down regardless. This could create opportunities in some names within the sector KSHB is one name that I will be looking to build out a position in. Any pot stock play should be considered high risk but KSHB..
Read MoreGood morning Canadian Cannabis stocks continue to rip higher and we all know how likely this will ultimately end badly but that doesn't mean there aren't short term opportunities to trade. Just make sure you play them size appropriate and make sure you...
Read MoreGood morning Trump upped the ante in the trade war with China adding a 10 percent tariff on 200 bln in China goods that can escalate to 250 percent by January. China is now preparing some sort of retaliation. Equities are actually up in premarket as intensifying "Trade War" doe not seem to be bothering Wall Street as much as some had feared
Read MoreGood morning I Hope you are having a great weekend. Equity sectors and indexes look strong technically >I know that there are a lot of people out there waiting for the bottom to fall out and a bear market to begin but there is nothing that I can see, that indicates it will happen anytime soon. Maybe, what I should say is, I don't see it happening in the upcoming week. There are a lot of great..
Read MoreGood morning The huge run in the cannabis sector may be coming to an end. We have seen this movie before and know how it ends so be very careful if you are still playing in the space. There is likely going to be some increased volatility which can provide some quick scalp action but the long play is looking tired.
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