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Happy Sunday We have a shortened trading week ahead with an early close on Tuesday with the July 4th holiday on Wednesday. I am not expecting it to be a very exciting week of trading but we never know what may happen. There are several events taking place with regard to the "trade war" with Canada and EU imposing retaliation....
Read MoreHello friends Happy Fathers day to all the great dads out there. I hope you have a fantastic day. The equity markets held up fairly well in the face of trade war fears and another rate hike from the Fed. Recent IPO's continued to be strong momentum plays and we have a big week ahead for new IPO's coming out which are listed below.
Read MoreGood morning We have a big week ahead with the summit between President Trump and Kim Jong Un, the FOMC announcement and press conference, headlines from the G7 summit and the potential trade war with our allies. We have a lot of economic data with CPI, small business optimism, PPI. jobless claims, retail sales, and consumer sentiment. It could wind up being a volatile week ahead if the Fed is extremely hawkish or things go terribly wrong...
Read MoreGood morning Equities managed to close out the week strong on Friday even with the uproar about a potential trade war with our allies after the Trump administration imposed tariffs on Canada, EU and Mexico. The jobs number set the tone on Friday as it painted a picture for a very strong economy in the U.S....
Read MoreEquities continue to trade in a very tight range and after going through my scans I have discovered a TON of great looking setups for may alert list. There are so many stocks that are consolidating with their perspective sectors and the overall equity indexes. What if the markets continue to consolidate in sideways choppy action? There are stocks out there that have trades sideways for years. Markets can do the same thing. I read a report this week where a Morgan Stanley chief strategist indicated that he thinks the market will be trading sideways with choppy action for the next three years. Now this is just one persons opinion but, if it happens, how will that impact..
Read MoreGood morning Let me start out by wishing all the fantastic moms out there a wonderful mothers day. Earnings season is winding down and the economic calendar for next week is relatively light on reports or events that could impact the markets. Retail could be a sector that gets some action as we have Home Depot, Macy's, Walmart, and JC penney reporting along with the retail sales report on Tuesday. The other sector that
Read MoreThe bulls showed some signs of life on Friday as some indexes reclaimed key moving averages and others found potential areas of price support to bounce from. There is still a lot that needs to happen to feel comfortable that the bulls are back in control. The sell in May and go away theme is being stated repeatedly on the financial news networks and could still weigh on the markets. It will be interesting to see how this week
Read MoreEquities continued to chop around last week with neither bulls nor bears taking control. Earnings, political events, the FOMC statement and the jobs situation will give the markets plenty to try and digest in the week ahead. The technicals are signaling that ...
Read MoreEarnings season kicks into high gear next week and I do have some concerns about how equities may respond even if the earnings come in very strong. One of the members of Alpha Wolf trading has reminded us that most bear markets begin when everything looks wonderful not when the economy and stocks are screaming sell me. I am not suggesting that we are going into a bear market but...
Read MoreI hope you are having a wonderful weekend and I appreciate you taking the time stop by and read the blog and watch the video & I hope you find them worth your time. The markets are still in the guilty till proven innocent as we head into what could be a big technical week for the the major indexes and sectors. The "tariff war" talk appears to be escalating as China has responded with some very strong wording that makes it seem that they are not afraid of a trade war and is willing to fight till the end. The saber rattling could intensify and there could also be news at the end of next week regarding NAFTA.
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