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"The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out". Paul Tudor Jones Good morning This morning equities are gapping lower along with gold and oil while the dollar continues to show strength.
Read MoreGood morning Equities are gapping up in premarket as dollar strength continues while gold and oil are both slightly lower. Canada has legalized cannabis and the speculative cannabis space could be in play. Keep in mind that the valuations on many of the cannabis plays are richly valued already. They may have a low stock price..
Read MoreGood morning Trade war fears are front and center with equities selling off around the globe. Oil is also pulling back in premarket heading into the OPEC meeting and rumors that those talks could be difficult as well. With equities tanking you would think gold would be ripping however
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 Fears of a trade war with China could be elevated today as the Trump administration is set to unveil a tariff list targeting 50b of China goods while China has vowed a swift retaliation. Equities, gold, oil and the dollar are all slightly lower in premarket. Recent IPO's have been on fire lately with...
Read MoreGood morning Equities are up slightly in premarket along with gold and oil are also up in premarket. Surprisingly the dollar is also up in premarket.
Read MoreGood morning The summit is over and Wall Street seems uninspired and unimpressed by the event. The focus will now turn to the CPI number due out this morning and the Fed statement and press conference tomorrow. Equities are slightly lower along with gold and oil while the dollar is higher
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 are down in premarket which should not be a surprise after being up several days in a row. We are heading into the weekend ahead of the G7 summit where trade discussions will likely be the focus point for Wall Street. There are several sectors that are overbought in the near term so a pause to
Read MoreEquities are up slightly along with gold and oil with the dollar down just a tad. Trade fears will continue to be something for the market to focus on as the G7 summit approaches Canada is set to vote on and potentially approve the pathway for recreational cannabis. If approved legal sales of the whacky weed could begin as early as 10 to 12 weeks from now. Several cannabis
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