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Good morning Markets hitting all time highs as we await the Fed minutes with no rate hike expected. Political tensions and uncertainty over the Trump administration are weighing on equities slightly in..
Read MoreGood morning Hopes of tensions easing between the us and China over trade is giving equities a lift. After a nice rally yesterday we are seeing some follow through today. Dollar is showing a bit of weakness off of trade fears easing while gold and oil are both up slightly in premarket.
Read MoreGood morning Earnings season is coming to an end with a big week ahead for retail. The good news is that there will be another one starting in a few weeks. There are several sectors that are in consolidation mode near their highs and for the most part, technically, they look very good. There are a couple of sectors that have reason for concern like the energy and Semi conductor sectors which may be in for more downside pressure. The energy space has a conference this week in Denver that starts Monday and runs through Wed that could impact some names in the space. FANG is also cooling a bit but ..
Read MoreGood morning Mixed earnings from NVDA and DE could weigh on equities this morning after yesterdays nice bounce. Even with that nice bounce the NASDAQ is still looking at being lower for the week. Equities have been a bit choppy without a lot of follow through. In previous blog posts I mentioned ..
Read MoreGood morning I have to go meet someone this morning I will not be in the chat for the open. I will be in as soon as I can. Here is the Join me link for the live session. https://join.me/377-387-676 Equities are seeing some pressure in premarket the dollar broke out over resistance and it is up in premarket. That could put pressure on the big multinationals and industrials. Gold and oil are both slightly lower in premarket. Equities selling pressure is picking up in premarket keep an eye on TVIX UVXY TZA
Read MoreGood morning Equities are getting a little bounce in premarket off strong Home Depot earnings and reduced fears over Turkey. The dollar, gold and oil are also up slightly in premarket.
Read MoreGood morning Earnings season is winding down with retail one of the last sectors to report. Earnings were extremely strong with roughly 79 percent of the companies that have reported beating estimates. Technically the indexes and several sectors appear to be looking tired. We have extremely low volatility but that started to change on Thursday and Friday of last week. Remember that August. September and October can be rough months for bulls historically so we need to be prepared for some potential volatility. There is more economic data this week that may move the markets and I am sure we will be hearing more chatter about Turkey, Iran and China. Keep an eye on the dollar if we see some strength that could benefit the small caps and put some pressure on the big multinationals. Check out the break down of the individual sectors ...
Read MoreGood morning Equities are seeing some pressure in premarket while the dollar and oil are both up slightly and gold is slightly red. Earnings season is already winding down with one of the last sectors to report being retail. Overall it has been a fairly strong earnings season but there are still concerns over the trade war and tariffs coupled with inflation and rate hike fears. Keep an eye on the energy space as it has been struggling for the last few weeks but with the tensions between the US, Iran and Turkey we could see oil prices start to rise and if that happens ...
Read MoreGood morning The IWM SPY and NASDAQ are all on the cusp of testing all time highs. Earnings have overcome the "trade war" fears as equities continue to grind higher. In premarket equities just went slightly red while gold and oil are also both in the red as well.
Read MoreGood morning Equities and indexes continue to grind higher off what is coming in as a strong earnings season all time highs could be tested in both the S&P and Tech. There is some breadth to the amount of sectors and stocks that are participating in the strength which is a good sign. Gold and oil are both higher in premarket as the dollar is slightly lower.
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