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“The broker said the stock was "poised to move." Silly me, I thought he meant up.” ― Randy Thurman Good morning I am sorry about not getting a video out this weekend but Buddy was priority over everything else and we are still dealing with his condition. The good news is I am seeing signs that he might be getting better. I will likely be in and out all week. We have a huge week ahead for earnings, specifically for tech and biotech but there is a broad range of players reporting from various sectors. This week could set the tone for the markets for the remainder of earnings season.
Read More“When you sell in desperation, you always sell cheap.” ― Peter Lynch, Good morning Equities are basically flat as gold and oil both slide in premarket. The dollar is up slightly and appears to be in consolidation mode a break higher could put more pressure pressure on gold. Bitcoin and crypto currencies are back in vogue at least temporarily and that could be a space to keep a close eye on for short term trading opportunities. Airlines also getting a bounce off of positive UAL earnings.
Read MoreNetflix with a big miss last night could put some pressure on the tech sector and more specifically the FANG stocks which have been leading the indexes higher. Financial stocks caught a bounce yesterday on the heels of BAC earnings and we have Goldman Sachs earnings this morning that could provide more lift for the sector. The spotlight will be on Fed Chair Jerome Powell this morning as he delivers his semi-annual monetary policy testimony on Capitol Hill. Oil and energy took a pause yesterday on talk of increased global supply and a potential slowdown in economic growth.
Read More“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” ― Mark Twain Good morning Earnings season starts to kick into gear next week with some big names in tech, finance, big pharma, rails and industrial sectors reporting. I am running short on time this weekend so instead of writing out the sector breakdown I am doing a video with all the stocks from this weeks Pro member stocks to watch list.
Read MoreGood morning After yesterdays impressive bounce equities are basically flat in premarket. the dollar is up while gold and oil are down slightly. We are waiting on several earnings reports from the likes of JPM WFC CITI and that could set the tone for todays action. There are a lot of good looking technical setups out there in multiple sectors ....
Read MoreGood morning Equities are up in pre market along with the dollar and oil while gold is just slightly lower. Apparently the trade wart fears are still not enough to derail the market strength. NATO is wrapped up without any significant catastrophe ...
Read MoreIf you know me or follow me on social media you might be aware that I am a big-time dog lover. Aside from stocks and investing I am most passionate about my dogs. Buddy my 8yr. old rescued Doberman has recently been having difficulty getting up and he is struggling on our morning walks. So much so that I have been brought to tears knowing that age is catching up with him and it is impossible to think of my morning walks without him. Anyone that owns a pet has had to deal with these same emotions. I am enthusiastic over a product that was introduced to me recently. My friend has been using a supplement for his aging dog and raved about the results. The product is made by a company called Myosrens Technology Inc (MYOS is the ticker symbol) which is a bionutrition company and owner of Fortetropin®, a proprietary ingredient that helps build lean muscle in conjunction with resistance training.
Read More“If stock market experts were so expert, they would be buying stock, not selling advice” Norman Ralph Augustine Good morning Equities are getting hit hard in premarket as news of the Trump administration announcing last night a potential fresh round of 200 Billion in new China tariffs being released soon. Markets around th globe are selling off as trade war fears escalate and the bearish sentiment continues to increase. Gap days can be challenging. However, we should keep an eye on some of the short biased ETF's and volatility. UVXY TVIX TZA SQQQ SPXS do not chase and recognize these should be considered very short term trading vehicles.
Read More“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore Good morning After yesterdays gap up and follow through we are looking at another positive open for equities. Gold is down while oil and the dollar are both up slightly.
Read MoreHappy Saturday I have never been one to try and make bold predictions about the economy or the market direction in the long or short term. As we all know the markets have a tendency to make those that try to make those types of predictions look like fools. Just ask Dennis Gartman who just this week made the bold call that we are officially in a bear market and to sell and go short accordingly. It was almost as epic as his call that oil would never see 50 dollars a barrel again or at least not in his lifetime. With all due respect, I think Mr Gartman should consider a new line of work or at the very least stop making bold calls and if he feels the inkling to do so, he should probably call out the exact opposite of what he is thinking.
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