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Happy 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.
Read MoreGood morning Beaten up China names got a pop yesterday on the rumor that China and the US are looking to resume trade talks. With that in mind there are several China names on todays list. Accounting standards and the reliability of financial reports from China companies make them inherently more risky so play them accordingly. Today's Economic Calendar 8:30 Initial Jobless Claims 8:30 Consumer Price Index 10:30 EIA Natural Gas Inventory 12:30 PM Fed's Bostic: Economic Outlook and Monetary Policy 1:00 PM Results of $15B, 30-Year Note Auction 2:00 PM Treasury Budget 4:30 PM Money Supply 4:30 PM Fed Balance Sheet
Read MoreGood morning We have the Fed beige book today and an Apple event. Equities are basically flat in premarket, the dollar is up slightly along with oil while gold is slightly lower. Today's Economic Calendar 7:00 MBA Mortgage Applications 8:30 Producer Price Index 10:00 Atlanta Fed's Business Inflation Expectations 10:30 EIA Petroleum Inventories 12:45 PM Fed's Reserve Gov. Lael Brainard: Economic and Monetary Policy Outlook 1:00 PM Results of $23B, 10-Year Note Auction 2:00 PM Fed's Beige Book
Read MoreGood morning Trade tensions are still weighing on equities China and the US conflict seems to be ratcheting up as China is set to request the ability to sanction the US from the WTO. The cannabis sector remains hot and could be a space to watching closely.
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