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Good morning The "trade war" has officially started after the first batch of tariffs have kicked in for China. The question is if this will escalate and really do some damage to the global economy. Equities are slightly lower in premarket as we await the jobs number. If the number comes in extremely strong we could have a good news is bad news scenario. Wage inflation is a concern and if the Fed needs to be more aggressive with rate increases at a time when there is a tremendous amount of uncertainty with the ramifications of a global trade war. Oil gold and the dollar are all slightly lower. The gold miners have been bouncing recently and could be worth at least having on your radar.
Read MoreGood morning I hope you had a wonderful Fourth of July holiday. Equities are up in premarket ahead of the FOMC minutes later today. Gold is up slightly, oil is basically flat and the dollar is down slightly. It could be a choppy day out there today as we head into a China's tariff retaliation.
Read MoreGood morning We have a shortened trading session today the markets will be closed @ 1 PM ET. Equities are up slightly in premarket with gold and oil while the dollar is slightly lower. It will likely be a low volume uneventful day for the indexes but there could be some decent trading opportunities in individual names. I want to wish everyone a safe, fun and Happy 4th of July! Enjoy the time off with your friends and family.
Read MoreHappy 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 MoreGood morning Equities are up in premarket as we look to close out the month of June. The dollar is slightly lower with oil and gold basically flat. Financial stocks could be worth watching as all but one passed the Fed's stress test and capital plans. The sector has been down 12 sessions in ..
Read MoreGood morning Equities are bouncing slightly in premarket as gold continues to its grind lower and oil is up slightly. I mentioned yesterday in yesterdays market wrap that we could see oil stall or pull back after the recent run but we could also see momentum continue in the space. GDP numbers come out today and could set the tone for the markets today. GDP came in much...
Read MoreGood morning Equities are lower in premarket as it appears we are getting a bit of a reset in prices which should be a good thing once we find some support. Where that support may be is anyones guess. It could be the 50 sma for some indexes and sectors or it may be the 200 day only time will tell. Trade war fears are still front and center and the China market has officially entered bear market territory closing 20 percent below its recent January high.
Read More"Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes" Jesse Livermore Good morning Equities are slightly lower this morning in premarket with along with gold, oil is flat and the dollar is up slightly. Join me Link https://join.me/917-384-581
Read MoreHappy Sunday I hope you are having a wonderful weekend. We have another big week ahead for IPO's. Recent IPO names have been on fire and some of them are pulling back to potential support after their recent meteoric rise. There could be some bounce plays in name s like IQ HUYA BILI and SOGO next week. There will also be plenty of new IPO's to keep an eye on. "IPOs expected to price:,,,
Read MoreGood morning It looks like we may have a positive open in equities with gold and oil both up slightly. Oil and energy could be in play depending on developments out of Vienna with OPEC members final decision for production increases. The ramifications ...
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